Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s stock price traded up 8.2% during mid-day trading on Thursday . The company traded as high as $36.88 and last traded at $36.85. 953,036 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 1,261,298 shares. The stock had previously closed at $34.07.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Truist Financial dropped their price objective on Dave & Buster's Entertainment from $64.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, August 22nd. BMO Capital Markets dropped their price objective on Dave & Buster's Entertainment from $65.00 to $55.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 11th. Benchmark began coverage on Dave & Buster's Entertainment in a research note on Monday, October 7th. They issued a "hold" rating on the stock. Loop Capital dropped their price target on Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. Finally, StockNews.com downgraded Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.57.
Read Our Latest Report on PLAY
Dave & Buster's Entertainment Trading Up 8.2 %
The stock has a market capitalization of $1.45 billion, a PE ratio of 13.45 and a beta of 2.15. The firm has a 50 day moving average price of $32.73 and a 200 day moving average price of $41.08. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. The firm had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster's Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. Equities analysts expect that Dave & Buster's Entertainment Inc will post 2.62 EPS for the current fiscal year.
Insider Transactions at Dave & Buster's Entertainment
In other Dave & Buster's Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of Dave & Buster's Entertainment stock in a transaction dated Monday, October 7th. The stock was bought at an average cost of $33.67 per share, with a total value of $502,087.04. Following the completion of the acquisition, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.
Hedge Funds Weigh In On Dave & Buster's Entertainment
Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its holdings in Dave & Buster's Entertainment by 1,931.4% during the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator's stock valued at $1,541,000 after purchasing an additional 36,793 shares during the period. Quadrature Capital Ltd grew its holdings in Dave & Buster's Entertainment by 150.1% during the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator's stock valued at $2,647,000 after purchasing an additional 25,376 shares during the period. Edgestream Partners L.P. bought a new position in Dave & Buster's Entertainment during the first quarter valued at $1,417,000. Keeley Teton Advisors LLC bought a new position in Dave & Buster's Entertainment during the first quarter valued at $1,803,000. Finally, Quantbot Technologies LP bought a new position in Dave & Buster's Entertainment during the first quarter valued at $2,401,000. 91.45% of the stock is owned by institutional investors.
About Dave & Buster's Entertainment
(
Get Free Report)
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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