Insider Selling: Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Director Sells 5,203 Shares of Stock

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) Director Michael J. Griffith sold 5,203 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the transaction, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dave & Buster's Entertainment Price Performance

PLAY stock traded down $3.19 during mid-day trading on Thursday, reaching $65.10. 2,375,951 shares of the company traded hands, compared to its average volume of 1,094,406. The company has a debt-to-equity ratio of 6.06, a current ratio of 0.37 and a quick ratio of 0.27. The company has a market capitalization of $2.62 billion, a P/E ratio of 23.17 and a beta of 2.08. Dave & Buster's Entertainment Inc has a 52-week low of $31.65 and a 52-week high of $69.82. The company has a fifty day moving average price of $60.17 and a 200-day moving average price of $48.40.

Analyst Upgrades and Downgrades

PLAY has been the topic of a number of research analyst reports. StockNews.com downgraded Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a research note on Tuesday. Truist Financial upped their price objective on Dave & Buster's Entertainment from $75.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday. UBS Group upped their price objective on Dave & Buster's Entertainment from $60.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday. TheStreet upgraded Dave & Buster's Entertainment from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets upped their price objective on Dave & Buster's Entertainment from $60.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dave & Buster's Entertainment currently has a consensus rating of "Hold" and an average price target of $69.21.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new position in Dave & Buster's Entertainment during the 4th quarter valued at about $910,000. Price T Rowe Associates Inc. MD grew its holdings in Dave & Buster's Entertainment by 4.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,211 shares of the restaurant operator's stock valued at $1,197,000 after buying an additional 925 shares in the last quarter. Voya Investment Management LLC grew its holdings in Dave & Buster's Entertainment by 46.3% during the 4th quarter. Voya Investment Management LLC now owns 21,385 shares of the restaurant operator's stock valued at $1,152,000 after buying an additional 6,765 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Dave & Buster's Entertainment by 68.0% during the 4th quarter. Public Sector Pension Investment Board now owns 71,293 shares of the restaurant operator's stock valued at $3,839,000 after buying an additional 28,853 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Dave & Buster's Entertainment during the 4th quarter valued at about $665,000. Hedge funds and other institutional investors own 91.45% of the company's stock.

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.