Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Down 6.3% – Should You Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price fell 6.3% on Tuesday . The company traded as low as $25.17 and last traded at $25.22. 1,305,740 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 1,584,719 shares. The stock had previously closed at $26.93.

Analyst Upgrades and Downgrades

Several brokerages have commented on PLAY. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial reiterated a “hold” rating and set a $36.00 target price (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Gordon Haskett restated a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.38.

Dave & Buster’s Entertainment Trading Down 6.1 %

The business has a 50 day moving average of $33.39 and a two-hundred day moving average of $34.15. The firm has a market cap of $973.74 million, a P/E ratio of 12.52 and a beta of 2.17. The company has a current ratio of 0.29, a quick ratio of 0.14 and a debt-to-equity ratio of 6.38.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan bought 19,025 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $26.44 per share, with a total value of $503,021.00. Following the acquisition, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd raised its position in shares of Dave & Buster’s Entertainment by 171.5% in the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock valued at $1,832,000 after buying an additional 33,988 shares in the last quarter. Systematic Financial Management LP bought a new position in Dave & Buster’s Entertainment in the third quarter valued at approximately $224,000. Quarry LP acquired a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at $47,000. RBF Capital LLC bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at $511,000. Finally, Centiva Capital LP acquired a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $328,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.