Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.91 and traded as high as $13.68. Dave & Buster’s Entertainment shares last traded at $13.15, with a volume of 2,477,644 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PLAY shares. Wall Street Zen cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, April 20th. Zacks Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 2nd. Finally, Piper Sandler decreased their target price on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.83.

Dave & Buster’s Entertainment Price Performance

The firm’s 50-day moving average price is $11.91 and its 200-day moving average price is $15.03. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 16.61. The stock has a market capitalization of $456.83 million, a PE ratio of -9.20 and a beta of 1.78.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.74). Dave & Buster’s Entertainment had a negative return on equity of 7.93% and a negative net margin of 2.32%.The firm had revenue of $529.60 million during the quarter, compared to analysts’ expectations of $556.56 million. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts forecast that Dave & Buster’s Entertainment, Inc. will post -0.86 EPS for the current fiscal year.

Insider Activity

In related news, SVP Steve Klohn sold 6,989 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $14.69, for a total transaction of $102,668.41. Following the completion of the sale, the senior vice president directly owned 38,547 shares of the company’s stock, valued at approximately $566,255.43. This trade represents a 15.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Dave & Buster’s Entertainment by 616.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 1,671 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth about $42,000. Quadrant Capital Group LLC purchased a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at about $104,000. Finally, AlphaQuest LLC boosted its position in Dave & Buster’s Entertainment by 415.9% in the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 6,525 shares during the period. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.