Dave & Buster’s Entertainment (NASDAQ:PLAY) Reaches New 1-Year Low – Here’s Why

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.59 and last traded at $22.83, with a volume of 133372 shares traded. The stock had previously closed at $22.98.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Truist Financial cut their price objective on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Loop Capital decreased their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Gordon Haskett reiterated a “hold” rating and issued a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, BMO Capital Markets dropped their price objective on shares of 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.43.

Dave & Buster’s Entertainment Stock Down 2.2 %

The stock has a 50 day moving average price of $26.90 and a 200 day moving average price of $31.70. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The company has a market capitalization of $864.93 million, a P/E ratio of 11.11 and a beta of 2.17.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 19,025 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the acquisition, the chief executive officer now directly owns 69,025 shares in the company, valued at $1,825,021. The trade was a 38.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth $47,000. SBI Securities Co. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth about $47,000. KBC Group NV boosted its position in shares of Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 885 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at about $144,000. 91.45% of the stock is currently owned by institutional investors.

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.