Dave & Buster's Entertainment (NASDAQ:PLAY) Trading Down 4.4% - Here's What Happened

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PLAY. BMO Capital Markets boosted their price objective on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, June 11th. Loop Capital boosted their price objective on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. UBS Group upped their price target on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Piper Sandler upped their price target on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Finally, Truist Financial upped their price target on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a report 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Stock Performance

The stock's fifty day moving average price is $23.44 and its two-hundred day moving average price is $23.72. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. The company has a market cap of $1.05 billion, a P/E ratio of 30.18 and a beta of 2.00.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). The company had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. 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 for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, equities analysts predict that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP John Mulleady sold 5,931 shares of the company'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 in the company, valued at $1,395,214.50. This represents a 12.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster's Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Dave & Buster's Entertainment by 442.0% during the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock worth $27,000 after purchasing an additional 1,273 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Dave & Buster's Entertainment during the 4th quarter worth approximately $47,000. Signaturefd LLC increased its position in Dave & Buster's Entertainment by 1,427.5% in the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after acquiring an additional 3,997 shares during the period. GAMMA Investing LLC increased its position in Dave & Buster's Entertainment by 3,974.8% in the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock valued at $77,000 after acquiring an additional 4,253 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Dave & Buster's Entertainment in the 4th quarter valued at approximately $175,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Company Profile

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.