Key Points
- Director Nathaniel Lipman bought 12,000 shares of Dave & Buster’s Entertainment at an average price of $6.78, increasing his holdings by 64.12% to 30,715 shares.
- PLAY shares opened at $6.54 and were down 4.7%, trading near their 12-month low of $6.45. The company reported a quarterly loss of $0.27 per share, missing estimates by $0.46, while revenue fell 2.4% year over year to $544.1 million.
- Analysts maintain a consensus “Hold” rating with a $17.33 target price, although UBS and BMO recently cut their targets. Institutional investors own 91.45% of the company.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) Director Nathaniel Lipman bought 12,000 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average price of $6.78 per share, with a total value of $81,360.00. Following the completion of the acquisition, the director owned 30,715 shares of the company's stock, valued at $208,247.70. This trade represents a 64.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Dave & Buster's Entertainment Trading Down 4.7%
PLAY opened at $6.54 on Friday. The business has a fifty day moving average price of $9.65 and a 200 day moving average price of $11.21. The company has a debt-to-equity ratio of 17.07, a current ratio of 0.30 and a quick ratio of 0.20. Dave & Buster's Entertainment, Inc. has a 12 month low of $6.45 and a 12 month high of $22.10. The stock has a market capitalization of $227.79 million, a price-to-earnings ratio of -2.54 and a beta of 1.82.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings results on Monday, September 14th. The restaurant operator reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.46). The company had revenue of $544.10 million during the quarter, compared to analyst estimates of $556.83 million. Dave & Buster's Entertainment had a negative net margin of 4.26% and a negative return on equity of 51.87%. Dave & Buster's Entertainment's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. Sell-side analysts expect that Dave & Buster's Entertainment, Inc. will post -1.38 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently issued reports on PLAY shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research note on Friday, July 17th. Citizens Jmp began coverage on shares of Dave & Buster's Entertainment in a research report on Monday, June 29th. They issued a "market perform" rating on the stock. Citigroup restated a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Tuesday. UBS Group decreased their price objective on shares of Dave & Buster's Entertainment from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, BMO Capital Markets lowered their target price on shares of Dave & Buster's Entertainment from $22.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus target price of $17.33.
View Our Latest Research Report on PLAY
Institutional Investors Weigh In On Dave & Buster's Entertainment
Several hedge funds and other institutional investors have recently made changes to their positions in PLAY. BlackRock Inc. purchased a new stake in Dave & Buster's Entertainment during the second quarter worth approximately $36,725,000. Wolf Hill Capital Management LP purchased a new position in Dave & Buster's Entertainment in the second quarter valued at approximately $15,468,694. Arrowstreet Capital Limited Partnership increased its stake in Dave & Buster's Entertainment by 44.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator's stock valued at $16,351,000 after purchasing an additional 468,174 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Dave & Buster's Entertainment during the fourth quarter worth approximately $7,359,000. Finally, ING Groep NV acquired a new stake in Dave & Buster's Entertainment during the fourth quarter worth approximately $7,311,000. Institutional investors and hedge funds own 91.45% of the company's stock.
About Dave & Buster's Entertainment
(
Get Free Report)
Dave & Buster's Entertainment, Inc (NASDAQ: PLAY) is an entertainment and dining company that operates venues combining arcade games, sports viewing, food and beverages, and social experiences. Its Dave & Buster's locations are designed for adults and families and offer interactive games, prize redemption, casual dining, full-service bars, and space for group events and parties.
The company also operates Main Event, a family entertainment brand offering bowling, arcade games, laser tag, virtual reality attractions, and food and beverages.
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