Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) CFO Michael Quartieri acquired 5,000 shares of the company’s stock in a transaction on Wednesday, April 13th. The stock was acquired at an average cost of $45.28 per share, for a total transaction of $226,400.00. Following the completion of the acquisition, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $226,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ:PLAY opened at $45.98 on Friday. Dave & Buster’s Entertainment Inc has a 1-year low of $29.83 and a 1-year high of $52.54. The business’s 50-day moving average price is $42.54 and its two-hundred day moving average price is $38.98. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 0.93 and a beta of 1.89. The company has a current ratio of 0.47, a quick ratio of 0.34 and a debt-to-equity ratio of 1.57.
Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last released its quarterly earnings data on Monday, March 28th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.09). The business had revenue of $343.10 million during the quarter, compared to analyst estimates of $364.46 million. Dave & Buster’s Entertainment had a net margin of 8.33% and a return on equity of 46.70%. The business’s quarterly revenue was up 193.7% on a year-over-year basis. During the same period in the previous year, the business earned ($1.19) earnings per share. Sell-side analysts predict that Dave & Buster’s Entertainment Inc will post 3.3 earnings per share for the current year.
A number of equity analysts recently commented on the company. Gordon Haskett upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Friday, January 14th. Stifel Nicolaus increased their price objective on shares of Dave & Buster’s Entertainment from $40.00 to $45.00 in a research report on Tuesday, March 29th. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating and set a $32.00 price target for the company. in a research report on Tuesday, February 8th. Jefferies Financial Group raised their price objective on shares of Dave & Buster’s Entertainment from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, March 30th. Finally, BMO Capital Markets upped their price target on shares of Dave & Buster’s Entertainment from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Buy” and an average price target of $50.91.
Several large investors have recently made changes to their positions in the company. Whittier Trust Co. raised its stake in Dave & Buster’s Entertainment by 93.2% during the 4th quarter. Whittier Trust Co. now owns 738 shares of the restaurant operator’s stock worth $28,000 after buying an additional 356 shares during the period. Exane Derivatives bought a new position in Dave & Buster’s Entertainment during the fourth quarter valued at $40,000. Gladius Capital Management LP purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth $74,000. Eagle Bay Advisors LLC lifted its position in shares of Dave & Buster’s Entertainment by 150.0% during the third quarter. Eagle Bay Advisors LLC now owns 2,500 shares of the restaurant operator’s stock worth $96,000 after acquiring an additional 1,500 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth $99,000. 92.66% of the stock is currently owned by institutional investors.
About Dave & Buster’s Entertainment (GetRating)
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.
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