Key Points
- CFO Cory Hatton purchased 4,000 Dave & Buster’s shares at an average price of $6.50, investing $26,000 and increasing his direct ownership by 3.98% to 104,475 shares.
- PLAY shares opened at $6.41, near their 12-month low of $6.38 and well below the 12-month high of $22.10. The company faces significant financial pressure, including a 17.07 debt-to-equity ratio and negative earnings.
- The latest quarter missed expectations, with a loss of $0.27 per share versus the expected $0.19 profit and revenue down 2.4% year over year. Analysts’ consensus rating is Hold, with an average price target of $17.33.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) CFO Cory Hatton purchased 4,000 shares of the firm's stock in a transaction on Monday, September 28th. The shares were purchased at an average price of $6.50 per share, with a total value of $26,000.00. Following the completion of the acquisition, the chief financial officer directly owned 104,475 shares of the company's stock, valued at approximately $679,087.50. This trade represents a 3.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Dave & Buster's Entertainment Price Performance
Shares of NASDAQ:PLAY opened at $6.41 on Tuesday. The company has a market cap of $223.26 million, a price-to-earnings ratio of -2.49 and a beta of 1.82. The business has a 50 day moving average price of $9.17 and a 200 day moving average price of $10.84. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 17.07. Dave & Buster's Entertainment, Inc. has a twelve month low of $6.38 and a twelve month high of $22.10.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings results on Monday, September 14th. The restaurant operator reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.46). Dave & Buster's Entertainment had a negative return on equity of 51.87% and a negative net margin of 4.26%.The business had revenue of $544.10 million during the quarter, compared to the consensus estimate of $556.83 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The business's quarterly revenue was down 2.4% on a year-over-year basis. Research analysts predict that Dave & Buster's Entertainment, Inc. will post -1.38 earnings per share for the current year.
Institutional Trading of Dave & Buster's Entertainment
Institutional investors and hedge funds have recently modified their holdings of the company. Cibc World Market Inc. acquired a new position in shares of Dave & Buster's Entertainment in the second quarter valued at $2,098,000. ING Groep NV acquired a new stake in Dave & Buster's Entertainment during the fourth quarter worth $7,311,000. BlackRock Inc. acquired a new stake in Dave & Buster's Entertainment during the second quarter worth $36,725,000. Wolf Hill Capital Management LP bought a new stake in Dave & Buster's Entertainment in the 2nd quarter valued at $15,468,694. Finally, Patient Capital Management LLC bought a new stake in Dave & Buster's Entertainment in the 2nd quarter valued at $2,326,000. 91.45% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
PLAY has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of Dave & Buster's Entertainment from $22.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 15th. Citigroup reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Tuesday, September 15th. Citizens Jmp assumed 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. UBS Group dropped their price objective on shares of Dave & Buster's Entertainment from $12.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, September 15th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research report on Friday, July 17th. Two 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.33.
Read Our Latest Report on PLAY
Dave & Buster's Entertainment Company Profile
(
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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