Tarun Lal Buys 8,060 Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Stock

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) CEO Tarun Lal acquired 8,060 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were acquired at an average cost of $31.26 per share, with a total value of $251,955.60. Following the purchase, the chief executive officer owned 8,060 shares in the company, valued at $251,955.60. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dave & Buster's Entertainment Trading Down 0.1%

Shares of NASDAQ:PLAY traded down $0.03 during trading on Monday, reaching $32.82. The stock had a trading volume of 173,853 shares, compared to its average volume of 1,357,180. The business has a fifty day moving average price of $28.50 and a 200-day moving average price of $24.00. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. The stock has a market cap of $1.13 billion, a P/E ratio of 32.52 and a beta of 2.08. Dave & Buster's Entertainment, Inc. has a fifty-two week low of $15.08 and a fifty-two week high of $43.73.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). Dave & Buster's Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The company had revenue of $567.70 million during the quarter, compared to analysts' expectations of $572.12 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Dave & Buster's Entertainment's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Loop Capital upped their price objective 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. BMO Capital Markets increased 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 research report on Wednesday, June 11th. Piper Sandler increased their target price on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. UBS Group lifted 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 report on Wednesday, June 11th. Finally, Truist Financial raised 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $33.83.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PLAY. Yousif Capital Management LLC acquired a new stake in Dave & Buster's Entertainment in the second quarter valued at $225,000. Maryland State Retirement & Pension System acquired a new stake in Dave & Buster's Entertainment in the second quarter valued at $244,000. Boyar Asset Management Inc. acquired a new stake in Dave & Buster's Entertainment in the second quarter valued at $205,000. Farther Finance Advisors LLC acquired a new stake in Dave & Buster's Entertainment in the second quarter valued at $37,000. Finally, Clearline Capital LP raised its holdings in shares of 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 worth $23,706,000 after purchasing an additional 203,012 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

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.