Key Points
- SVP Rodolfo Rodriguez, Jr. bought 730 shares on Jan. 16 at $20.10 (total $14,673), raising his direct stake to 14,500 shares—a 5.3% increase valued at about $291,450.
- Shares jumped about 4.9%, opening at $20.65 with a 1‑year range of $13.04–$35.53 and a market cap near $716 million; the company shows a negative P/E and high debt-to-equity ratio (~11.87).
- Analysts are mixed—MarketBeat data shows an average rating of Hold and an average price target of $23.83—after the company missed recent quarterly EPS ($-1.22 vs. $-1.16 est.) and saw slightly lower revenue year-over-year.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) SVP Rodolfo Rodriguez, Jr. acquired 730 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Friday, January 16th. The stock was purchased at an average cost of $20.10 per share, for a total transaction of $14,673.00. Following the completion of the transaction, the senior vice president directly owned 14,500 shares in the company, valued at $291,450. This trade represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Dave & Buster's Entertainment Stock Up 4.9%
Shares of NASDAQ PLAY opened at $20.65 on Wednesday. Dave & Buster's Entertainment, Inc. has a 1 year low of $13.04 and a 1 year high of $35.53. The firm has a 50-day simple moving average of $17.05 and a two-hundred day simple moving average of $20.86. The company has a market cap of $716.14 million, a P/E ratio of -516.12 and a beta of 1.74. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.16) by ($0.06). Dave & Buster's Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The business had revenue of $448.20 million during the quarter, compared to analysts' expectations of $460.66 million. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The company's quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share for the current year.
Wall Street Analysts Forecast Growth
PLAY has been the subject of a number of research analyst reports. Loop Capital set a $20.00 target price on Dave & Buster's Entertainment in a research report on Wednesday, December 10th. Weiss Ratings restated a "sell (d)" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, October 8th. Benchmark raised 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 report on Friday. UBS Group reduced their price target on 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 decreased their price objective on Dave & Buster's Entertainment from $35.00 to $30.00 and set an "outperform" rating for the company in a research note 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.83.
View Our Latest Stock Report on Dave & Buster's Entertainment
Hedge Funds Weigh In On Dave & Buster's Entertainment
Several institutional investors and hedge funds have recently bought and sold shares of PLAY. Nomura Holdings Inc. grew its holdings in shares of Dave & Buster's Entertainment by 532.9% during the third quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator's stock valued at $43,787,000 after buying an additional 2,030,186 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Dave & Buster's Entertainment by 99.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator's stock worth $30,067,000 after acquiring an additional 499,412 shares during the last quarter. SG Americas Securities LLC lifted its position in Dave & Buster's Entertainment by 232.3% during the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator's stock worth $10,280,000 after acquiring an additional 443,308 shares during the period. Fund 1 Investments LLC purchased a new stake in Dave & Buster's Entertainment during the 3rd quarter valued at about $7,791,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in Dave & Buster's Entertainment during the 3rd quarter valued at about $6,118,000. 91.45% of the stock is owned by hedge funds and other institutional investors.
Dave & Buster's Entertainment Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
