Key Points
- CEO Tarun Lal bought 1,000 shares of Dave & Buster’s on Oct. 21 at an average price of $18.39 ($18,390 total), raising his stake to 11,560 shares — a 9.47% increase — as disclosed in an SEC filing.
- The stock was trading recently around $9.81 with a 52-week range of $9.61–$35.53 and a market cap of about $340 million, while the company shows negative P/E and weak liquidity ratios.
- Analysts have a consensus rating of “Hold” with an average target price of $23.83, and institutional investors own roughly 91.45% of the shares.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) CEO Tarun Lal purchased 1,000 shares of the company's stock in a transaction dated Tuesday, October 21st. The shares were acquired at an average price of $18.39 per share, for a total transaction of $18,390.00. Following the purchase, the chief executive officer directly owned 11,560 shares of the company's stock, valued at approximately $212,588.40. The trade was a 9.47% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Dave & Buster's Entertainment Stock Performance
Shares of Dave & Buster's Entertainment stock opened at $9.81 on Friday. The firm has a market capitalization of $340.21 million, a P/E ratio of -245.19 and a beta of 1.79. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. The company has a 50 day moving average price of $15.88 and a 200 day moving average price of $16.90. Dave & Buster's Entertainment, Inc. has a 52 week low of $9.61 and a 52 week high of $35.53.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Dave & Buster's Entertainment from $23.00 to $18.00 and set a "hold" rating for the company in a report on Thursday, January 8th. Loop Capital set a $20.00 price objective on shares of Dave & Buster's Entertainment in a report on Wednesday, December 10th. Weiss Ratings reissued a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, January 21st. BMO Capital Markets reduced their target price 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. Finally, Wall Street Zen raised Dave & Buster's Entertainment from a "sell" rating to a "hold" rating in a research report on Sunday. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Dave & Buster's Entertainment presently has an average rating of "Hold" and a consensus target price of $23.83.
Check Out Our Latest Stock Report on Dave & Buster's Entertainment
Institutional Trading of Dave & Buster's Entertainment
Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in shares of Dave & Buster's Entertainment in the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its stake 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 acquiring an additional 1,671 shares during the period. Leonteq Securities AG purchased a new position in shares of Dave & Buster's Entertainment during the fourth quarter worth $42,000. Tower Research Capital LLC TRC raised its holdings in shares of Dave & Buster's Entertainment by 292.4% during the second 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. Finally, Quadrant Capital Group LLC acquired a new position in Dave & Buster's Entertainment during the third quarter valued at $104,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
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].
