Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) was the target of some unusual options trading on Tuesday. Traders acquired 11,669 call options on the stock. This is an increase of 172% compared to the typical volume of 4,293 call options.
Insider Activity
In related news, CEO Christopher Daniel Morris purchased 14,912 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average price 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 $2,823,128.49. This represents a 21.63 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Sheehan acquired 37,735 shares of Dave & Buster's Entertainment stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $25.48 per share, with a total value of $961,487.80. Following the completion of the purchase, the chief executive officer now owns 139,011 shares in the company, valued at $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 71,672 shares of company stock valued at $1,966,596. 1.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Dave & Buster's Entertainment
Hedge funds have recently modified their holdings of the company. XTX Topco Ltd lifted its stake in shares of Dave & Buster's Entertainment by 171.5% during the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator's stock valued at $1,832,000 after buying an additional 33,988 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Dave & Buster's Entertainment by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator's stock valued at $15,738,000 after acquiring an additional 15,015 shares during the last quarter. Eminence Capital LP lifted its stake in shares of Dave & Buster's Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator's stock worth $150,023,000 after purchasing an additional 1,542,154 shares during the period. LMR Partners LLP acquired a new stake in shares of Dave & Buster's Entertainment during the third quarter worth $3,167,000. Finally, Millennium Management LLC grew its position in shares of Dave & Buster's Entertainment by 55.2% in the second quarter. Millennium Management LLC now owns 219,015 shares of the restaurant operator's stock valued at $8,719,000 after purchasing an additional 77,916 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.
Dave & Buster's Entertainment Price Performance
Dave & Buster's Entertainment stock traded up $0.74 during midday trading on Tuesday, reaching $29.19. 1,462,470 shares of the company were exchanged, compared to its average volume of 1,357,223. The firm's 50-day simple moving average is $34.89 and its 200-day simple moving average is $34.88. Dave & Buster's Entertainment has a 1 year low of $25.00 and a 1 year high of $69.82. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.45 and a beta of 2.13. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on PLAY shares. StockNews.com cut Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a research note on Wednesday, September 11th. Gordon Haskett reiterated a "hold" rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. Loop Capital decreased their target price on shares of Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. William Blair reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Finally, Benchmark initiated coverage on shares of Dave & Buster's Entertainment in a research report on Monday, October 7th. They set a "hold" rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $53.38.
Read Our Latest Research Report on Dave & Buster's Entertainment
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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