Nathaniel Lipman Buys 12,000 Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Director Nathaniel Lipman acquired 12,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was purchased at an average cost of $6.78 per share, with a total value of $81,360.00. Following the completion of the purchase, the director directly owned 30,715 shares of the company’s stock, valued at approximately $208,247.70. This represents a 64.12% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dave & Buster’s Entertainment Price Performance

PLAY stock opened at $6.73 on Friday. The business’s fifty day moving average price is $9.58 and its 200 day moving average price is $11.18. Dave & Buster’s Entertainment, Inc. has a 12-month low of $6.45 and a 12-month high of $22.10. The company has a current ratio of 0.30, a quick ratio of 0.20 and a debt-to-equity ratio of 17.07. The company has a market capitalization of $234.41 million, a PE ratio of -2.62 and a beta of 1.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Monday, September 14th. The restaurant operator reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.46). The firm had revenue of $544.10 million for the quarter, compared to analysts’ expectations of $556.83 million. Dave & Buster’s Entertainment had a negative net margin of 4.26% and a negative return on equity of 51.87%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 earnings per share. On average, sell-side analysts anticipate that Dave & Buster’s Entertainment, Inc. will post -1.38 EPS for the current year.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cibc World Market Inc. purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at $2,098,000. ING Groep NV acquired a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $7,311,000. BlackRock Inc. purchased a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at about $36,725,000. Wolf Hill Capital Management LP purchased a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at about $15,468,694. Finally, Patient Capital Management LLC acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth about $2,326,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citizens Jmp initiated coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, June 29th. They set a “market perform” rating on the stock. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. BMO Capital Markets lowered their price target on shares of Dave & Buster’s Entertainment from $22.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. Finally, UBS Group reduced their price objective on shares of Dave & Buster’s Entertainment from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.33.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc (NASDAQ: PLAY) is an entertainment and dining company that operates venues combining arcade games, sports viewing, food and beverages, and social experiences. Its Dave & Buster’s locations are designed for adults and families and offer interactive games, prize redemption, casual dining, full-service bars, and space for group events and parties.

The company also operates Main Event, a family entertainment brand offering bowling, arcade games, laser tag, virtual reality attractions, and food and beverages.