Insider Selling: Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) SVP Sells 5,931 Shares of Stock

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) SVP John Mulleady sold 5,931 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total value of $194,477.49. Following the sale, the senior vice president now owns 42,550 shares in the company, valued at approximately $1,395,214.50. This trade represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY traded up $0.71 during mid-day trading on Friday, reaching $32.77. 1,899,913 shares of the stock were exchanged, compared to its average volume of 1,446,729. The company has a 50 day simple moving average of $22.64 and a 200-day simple moving average of $23.84. The stock has a market capitalization of $1.13 billion, a P/E ratio of 32.45 and a beta of 2.00. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. Dave & Buster's Entertainment, Inc. has a 1 year low of $15.08 and a 1 year high of $43.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share for the quarter, missing the consensus estimate 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 last year, the business posted $0.99 earnings per share. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PLAY. Eminence Capital LP lifted its holdings in shares of Dave & Buster's Entertainment by 3.6% in the 4th quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock valued at $112,249,000 after buying an additional 135,095 shares during the period. Patient Capital Management LLC raised 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 worth $51,878,000 after purchasing an additional 476,662 shares during the last quarter. Clearline Capital LP raised 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 worth $23,706,000 after purchasing an additional 203,012 shares during the last quarter. NewEdge Wealth LLC increased its position in Dave & Buster's Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock worth $21,235,000 after buying an additional 85,820 shares in the last quarter. Finally, Boston Partners increased its position in Dave & Buster's Entertainment by 1.9% during the first quarter. Boston Partners now owns 578,639 shares of the restaurant operator's stock worth $10,169,000 after buying an additional 10,905 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

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.