Dave & Buster's Entertainment (NASDAQ:PLAY) Director Acquires 12,000 Shares

Key Points

• Director Nathaniel Lipman bought 12,000 shares of Dave & Buster’s Entertainment at an average price of $6.78, investing $81,360 and increasing his direct ownership by 64.12% to 30,715 shares.
• PLAY shares fell 4.8% to $6.53, near their 52-week low, after the company reported a quarterly EPS loss of $0.27 that missed estimates and revenue declined 2.4% year over year to $544.1 million.
• Analysts maintain a broadly neutral outlook, with an average “Hold” rating and a $17.33 price target; institutional investors own approximately 91.45% of the company.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) Director Nathaniel Lipman bought 12,000 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Thursday, September 17th. The shares were acquired at an average price of $6.78 per share, for a total transaction of $81,360.00. Following the acquisition, the director directly owned 30,715 shares in the company, valued at approximately $208,247.70. This represents a 64.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dave & Buster's Entertainment Stock Down 4.8%

NASDAQ PLAY traded down $0.33 during trading hours on Thursday, hitting $6.53. The company had a trading volume of 3,514,569 shares, compared to its average volume of 1,729,760. Dave & Buster's Entertainment, Inc. has a fifty-two week low of $6.45 and a fifty-two week high of $22.10. The company has a market capitalization of $227.45 million, a price-to-earnings ratio of -2.54 and a beta of 1.82. The company has a debt-to-equity ratio of 17.07, a current ratio of 0.30 and a quick ratio of 0.20. The firm's 50 day moving average is $9.73 and its 200 day moving average is $11.27.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Monday, September 14th. The restaurant operator reported ($0.27) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $544.10 million for the quarter, compared to analyst estimates of $556.83 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Dave & Buster's Entertainment, Inc. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PLAY shares. Zacks Research raised shares of Dave & Buster's Entertainment from a "strong sell" rating to a "hold" rating in a research report on Friday, August 28th. Citizens Jmp initiated coverage on shares of Dave & Buster's Entertainment in a research report on Monday, June 29th. They set a "market perform" rating on the stock. UBS Group decreased their target price on shares of Dave & Buster's Entertainment from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Dave & Buster's Entertainment in a report on Friday, July 17th. Finally, Citigroup reaffirmed a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Tuesday. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.33.

Institutional Investors Weigh In On Dave & Buster's Entertainment

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Dave & Buster's Entertainment in the 2nd quarter valued at approximately $36,725,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Dave & Buster's Entertainment by 40.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,515,000 shares of the restaurant operator's stock worth $24,558,000 after buying an additional 434,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Dave & Buster's Entertainment by 44.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator's stock worth $16,351,000 after buying an additional 468,174 shares during the last quarter. Wolf Hill Capital Management LP bought a new stake in shares of Dave & Buster's Entertainment in the second quarter worth $15,468,694. Finally, MUFG Securities EMEA plc acquired a new stake in Dave & Buster's Entertainment in the fourth quarter valued at $7,359,000. Institutional investors and hedge funds own 91.45% of the company's stock.

Dave & Buster's Entertainment Company Profile

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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