Tarun Lal Buys 1,000 Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CEO Tarun Lal bought 1,000 shares of the stock in a transaction on Tuesday, October 21st. The stock was purchased at an average price of $18.39 per share, for a total transaction of $18,390.00. Following the completion of the purchase, the chief executive officer directly owned 11,560 shares in the company, valued at approximately $212,588.40. This represents a 9.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dave & Buster’s Entertainment Stock Down 7.9%

PLAY opened at $9.81 on Friday. The firm has a market capitalization of $340.21 million, a P/E ratio of -245.19 and a beta of 1.79. Dave & Buster’s Entertainment, Inc. has a one year low of $9.61 and a one year high of $35.53. The company has a fifty day moving average price of $15.88 and a 200-day moving average price of $16.94. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PLAY shares. Loop Capital set a $20.00 target price on Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Wall Street Zen downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, January 16th. UBS Group lowered their target price on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.83.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. lifted its stake in Dave & Buster’s Entertainment by 0.5% during the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after purchasing an additional 637 shares during the last quarter. Deutsche Bank AG increased its position in shares of Dave & Buster’s Entertainment by 3.1% during the 4th quarter. Deutsche Bank AG now owns 24,794 shares of the restaurant operator’s stock valued at $402,000 after purchasing an additional 741 shares during the last quarter. Nuveen LLC increased its position in shares of Dave & Buster’s Entertainment by 1.2% during the 4th quarter. Nuveen LLC now owns 102,226 shares of the restaurant operator’s stock valued at $1,657,000 after purchasing an additional 1,254 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Dave & Buster’s Entertainment by 616.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,671 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.