Dave & Buster’s Entertainment (NASDAQ:PLAY) Reaches New 12-Month Low – What’s Next?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.07 and last traded at $19.14, with a volume of 2096030 shares. The stock had previously closed at $20.89.

Analyst Ratings Changes

PLAY has been the topic of several recent research reports. Truist Financial lowered their target price on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Loop Capital lowered their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Gordon Haskett reaffirmed a “hold” rating and set a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, BMO Capital Markets reduced their price target 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment has a consensus rating of “Hold” and an average price target of $51.43.

Dave & Buster’s Entertainment Stock Performance

The stock has a market capitalization of $725.01 million, a PE ratio of 9.32 and a beta of 2.17. The firm’s fifty day moving average is $25.97 and its 200-day moving average is $31.22. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

Insider Activity at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan acquired 19,025 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the acquisition, the chief executive officer now owns 69,025 shares in the company, valued at approximately $1,825,021. This represents a 38.05 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of PLAY. Easterly Investment Partners LLC acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $1,176,000. GDS Wealth Management grew its position in Dave & Buster’s Entertainment by 3.3% in the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock valued at $518,000 after acquiring an additional 488 shares in the last quarter. LMR Partners LLP acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $3,167,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $1,949,000. Finally, Intech Investment Management LLC grew its position in Dave & Buster’s Entertainment by 171.4% in the 3rd quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock valued at $731,000 after acquiring an additional 13,550 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other 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.