Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) released its quarterly earnings results on Monday. The restaurant operator reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.60), RTT News reports. Dave & Buster's Entertainment had a return on equity of 40.67% and a net margin of 1.83%.Dave & Buster's Entertainment's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS.
Dave & Buster's Entertainment Stock Performance
Shares of PLAY traded up $0.55 during mid-day trading on Monday, hitting $24.19. The stock had a trading volume of 5,772,495 shares, compared to its average volume of 1,287,601. The business has a fifty day moving average price of $27.19 and a 200-day moving average price of $24.01. Dave & Buster's Entertainment has a 52 week low of $15.08 and a 52 week high of $43.73. The company has a debt-to-equity ratio of 10.69, a current ratio of 0.26 and a quick ratio of 0.17. The firm has a market cap of $836.39 million, a P/E ratio of 23.95 and a beta of 2.04.
Insider Buying and Selling
In other Dave & Buster's Entertainment news, CEO Tarun Lal bought 8,060 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were bought at an average price of $31.26 per share, for a total transaction of $251,955.60. Following the transaction, the chief executive officer directly owned 8,060 shares in the company, valued at $251,955.60. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Mulleady sold 5,931 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $32.79, for a total value of $194,477.49. Following the completion of the sale, the senior vice president directly owned 42,550 shares of the company's stock, valued at approximately $1,395,214.50. This trade represents a 12.23% decrease in their position. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by company insiders.
Institutional Trading of Dave & Buster's Entertainment
Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in 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 valued at $152,000 after acquiring an additional 3,772 shares in the last quarter. Marshall Wace LLP bought a new position in Dave & Buster's Entertainment in the 2nd quarter valued at approximately $243,000. Creative Planning bought a new position in Dave & Buster's Entertainment during the 2nd quarter valued at about $311,000. Bayesian Capital Management LP bought a new stake in Dave & Buster's Entertainment in the 2nd quarter worth approximately $391,000. Finally, Caption Management LLC increased its position in Dave & Buster's Entertainment by 624.7% during the second quarter. Caption Management LLC now owns 14,153 shares of the restaurant operator's stock valued at $426,000 after acquiring an additional 12,200 shares during the last quarter. Institutional investors own 91.45% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on PLAY shares. Truist Financial dropped their price objective on Dave & Buster's Entertainment from $29.00 to $27.00 and set a "hold" rating on the stock in a research note on Wednesday, August 27th. UBS Group boosted their target price on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. BMO Capital Markets raised their price target on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 11th. Loop Capital lifted their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Finally, Piper Sandler increased their price objective on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $33.50.
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About Dave & Buster's Entertainment
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Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.
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