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

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

Dave & Buster's Entertainment Stock Down 1.9%

Shares of PLAY traded down $0.63 during mid-day trading on Wednesday, hitting $32.06. The company's stock had a trading volume of 1,100,184 shares, compared to its average volume of 1,443,750. The company has a current ratio of 0.26, a quick ratio of 0.17 and a debt-to-equity ratio of 10.69. The company's 50-day moving average is $21.75 and its 200-day moving average is $23.87. Dave & Buster's Entertainment, Inc. has a 52-week low of $15.08 and a 52-week high of $43.73. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.42 and a beta of 2.00.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). The business had revenue of $567.70 million for the quarter, compared to analysts' expectations of $572.12 million. Dave & Buster's Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. On average, equities research analysts forecast that Dave & Buster's Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster's Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Clare Market Investments LLC bought a new stake in Dave & Buster's Entertainment during the fourth quarter valued at about $540,000. Quinn Opportunity Partners LLC bought a new stake in Dave & Buster's Entertainment during the fourth quarter valued at about $1,943,000. M.E. Allison & CO. Inc. purchased a new stake in shares of Dave & Buster's Entertainment during the 1st quarter valued at $1,542,000. Raymond James Financial Inc. acquired a new stake in shares of Dave & Buster's Entertainment in the 4th quarter worth $3,677,000. Finally, Principal Financial Group Inc. grew its stake in Dave & Buster's Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock worth $4,480,000 after buying an additional 3,494 shares during the last quarter. Institutional investors own 91.45% of the company's stock.

Analyst Upgrades and Downgrades

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

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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