Dave & Buster’s Entertainment (NASDAQ:PLAY) CFO Acquires $26,000.00 in Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CFO Cory Hatton bought 4,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, September 28th. The stock was acquired at an average price of $6.50 per share, with a total value of $26,000.00. Following the acquisition, the chief financial officer directly owned 104,475 shares of the company’s stock, valued at approximately $679,087.50. This represents a 3.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dave & Buster’s Entertainment Stock Down 3.2%

Dave & Buster’s Entertainment stock traded down $0.21 during trading hours on Monday, hitting $6.41. The company had a trading volume of 2,277,143 shares, compared to its average volume of 1,757,462. Dave & Buster’s Entertainment, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $22.10. The company has a debt-to-equity ratio of 17.07, a current ratio of 0.30 and a quick ratio of 0.21. The firm has a market capitalization of $223.26 million, a P/E ratio of -2.49 and a beta of 1.82. The firm’s fifty day moving average is $9.24 and its 200-day moving average is $10.89.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Monday, September 14th. The restaurant operator reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 51.87% and a negative net margin of 4.26%.Dave & Buster’s Entertainment’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. On average, research analysts forecast that Dave & Buster’s Entertainment, Inc. will post -1.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Citizens Jmp began coverage on shares of Dave & Buster’s Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. BMO Capital Markets lowered their target price on Dave & Buster’s Entertainment from $22.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, September 15th. Citigroup reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Tuesday, September 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $17.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in Dave & Buster’s Entertainment during the second quarter valued at approximately $25,000. Legal & General Group Plc acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at approximately $28,000. Persistent Asset Partners Ltd acquired a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at about $33,000. Caitong International Asset Management Co. Ltd increased its position in Dave & Buster’s Entertainment by 1,547.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,464 shares of the restaurant operator’s stock worth $72,000 after buying an additional 4,193 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at approximately $141,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

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.