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

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan acquired 19,025 shares of the stock in a transaction dated Thursday, December 19th. The shares were bought 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 of the company’s stock, valued at approximately $1,825,021. This represents a 38.05 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dave & Buster’s Entertainment Stock Up 4.6 %

PLAY opened at $27.40 on Friday. Dave & Buster’s Entertainment Inc has a one year low of $25.00 and a one year high of $69.82. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. The stock has a market capitalization of $1.05 billion, a P/E ratio of 13.56 and a beta of 2.13. The business’s 50-day simple moving average is $35.82 and its 200-day simple moving average is $36.01.

Analyst Upgrades and Downgrades

Several research firms have commented on PLAY. Loop Capital lowered their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Benchmark assumed coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. Finally, BMO Capital Markets dropped their price objective on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.38.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PLAY. XTX Topco Ltd boosted its stake in Dave & Buster’s Entertainment by 171.5% during the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after purchasing an additional 33,988 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth about $224,000. Quarry LP acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth about $47,000. RBF Capital LLC purchased a new position in shares of Dave & Buster’s Entertainment during the third quarter worth about $511,000. Finally, Centiva Capital LP acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $328,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

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.