Dave & Buster's Entertainment (NASDAQ:PLAY) Trading Down 4.4% - Time to Sell?

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) were down 4.4% during trading on Monday . The stock traded as low as $30.90 and last traded at $31.32. Approximately 129,796 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,441,580 shares. The stock had previously closed at $32.77.

Analyst Upgrades and Downgrades

PLAY has been the topic of several analyst reports. Loop Capital boosted their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Truist Financial lifted their price objective on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a research note on Wednesday, June 11th. UBS Group increased their target price on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. BMO Capital Markets lifted their price target on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, June 11th. Finally, Piper Sandler raised their target price on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $33.83.

Dave & Buster's Entertainment Stock Performance

The company has a 50 day simple moving average of $22.64 and a 200-day simple moving average of $23.65. 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 $1.10 billion, a PE ratio of 31.49 and a beta of 2.00.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). The company had revenue of $567.70 million during the quarter, compared to the consensus estimate of $572.12 million. Dave & Buster's Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The company's revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. As a group, equities research analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.52 EPS for the current year.

Insider Buying and Selling

In other news, SVP John Mulleady sold 5,931 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $32.79, for a total transaction of $194,477.49. Following the completion of the transaction, the senior vice president now directly owns 42,550 shares of the company's stock, valued at $1,395,214.50. The trade was a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Eminence Capital LP lifted its position in Dave & Buster's Entertainment by 3.6% during the fourth quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock valued at $112,249,000 after purchasing an additional 135,095 shares in the last quarter. Patient Capital Management LLC lifted its holdings in Dave & Buster's Entertainment by 36.6% during the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock valued at $51,878,000 after purchasing an additional 476,662 shares in the last quarter. Clearline Capital LP lifted its holdings in Dave & Buster's Entertainment by 17.7% during the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator's stock valued at $23,706,000 after purchasing an additional 203,012 shares in the last quarter. NewEdge Wealth LLC boosted its position in shares of Dave & Buster's Entertainment by 13.4% in the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock worth $21,235,000 after purchasing an additional 85,820 shares during the period. Finally, Boston Partners increased its stake in shares of Dave & Buster's Entertainment by 1.9% in the first quarter. Boston Partners now owns 578,639 shares of the restaurant operator's stock worth $10,169,000 after purchasing an additional 10,905 shares in the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster's Entertainment

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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