Kevin M. Sheehan Purchases 19,025 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Stock

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) CEO Kevin M. Sheehan bought 19,025 shares of the company's stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $26.44 per share, with a total value of $503,021.00. Following the completion of the transaction, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. This represents a 38.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dave & Buster's Entertainment Stock Down 0.5 %

NASDAQ:PLAY traded down $0.12 during trading hours on Thursday, hitting $26.20. The company's stock had a trading volume of 1,526,107 shares, compared to its average volume of 1,353,563. Dave & Buster's Entertainment Inc has a 52-week low of $25.00 and a 52-week high of $69.82. The company has a current ratio of 0.29, a quick ratio of 0.14 and a debt-to-equity ratio of 6.38. The stock has a market capitalization of $1.01 billion, a P/E ratio of 12.97 and a beta of 2.13. The stock has a fifty day moving average of $36.06 and a 200-day moving average of $36.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PLAY. XTX Topco Ltd boosted its holdings in Dave & Buster's Entertainment by 171.5% in the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator's stock valued at $1,832,000 after purchasing an additional 33,988 shares in the last quarter. Systematic Financial Management LP purchased a new stake in shares of Dave & Buster's Entertainment during the 3rd quarter worth approximately $224,000. Quarry LP acquired a new position in shares of Dave & Buster's Entertainment in the 3rd quarter valued at $47,000. RBF Capital LLC purchased a new position in shares of Dave & Buster's Entertainment in the 3rd quarter valued at $511,000. Finally, Centiva Capital LP acquired a new stake in Dave & Buster's Entertainment during the 3rd quarter worth $328,000. Hedge funds and other institutional investors own 91.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PLAY shares. Truist Financial restated a "hold" rating and issued a $36.00 price objective (down previously from $56.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Benchmark began coverage on shares of Dave & Buster's Entertainment in a research note on Monday, October 7th. They issued a "hold" rating for the company. BMO Capital Markets reduced their price objective on Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Gordon Haskett reiterated a "hold" rating and issued a $34.00 target price (down from $40.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Finally, William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dave & Buster's Entertainment currently has a consensus rating of "Hold" and a consensus price target of $53.38.

About Dave & Buster's Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

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