Dave & Buster’s Entertainment (NASDAQ:PLAY) SVP Purchases $14,673.00 in Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) SVP Rodolfo Rodriguez, Jr. purchased 730 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The shares were purchased at an average cost of $20.10 per share, with a total value of $14,673.00. Following the completion of the purchase, the senior vice president owned 14,500 shares in the company, valued at $291,450. This trade represents a 5.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Dave & Buster’s Entertainment Trading Up 4.9%

NASDAQ:PLAY traded up $0.97 during mid-day trading on Tuesday, hitting $20.65. 1,559,442 shares of the stock traded hands, compared to its average volume of 1,132,028. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. Dave & Buster’s Entertainment, Inc. has a 52 week low of $13.04 and a 52 week high of $35.53. The stock has a market capitalization of $716.14 million, a price-to-earnings ratio of -516.12 and a beta of 1.74. The firm’s 50 day moving average is $16.92 and its two-hundred day moving average is $20.96.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.16) by ($0.06). The business had revenue of $448.20 million for the quarter, compared to analysts’ expectations of $460.66 million. Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.45) EPS. On average, equities research analysts predict that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds have recently modified their holdings of PLAY. Advisory Services Network LLC purchased a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $27,000. Farther Finance Advisors LLC bought a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at $37,000. Quadrant Capital Group LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at $104,000. AlphaQuest LLC raised its position in shares of Dave & Buster’s Entertainment by 415.9% in the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 6,525 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after purchasing an additional 3,772 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Analyst Ratings Changes

PLAY has been the topic of a number of recent analyst reports. Benchmark upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday. Loop Capital set a $20.00 price target on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 8th. UBS Group lowered their price objective on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Finally, BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $23.83.

About Dave & Buster’s Entertainment

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.