Dave & Buster's Entertainment (NASDAQ:PLAY) Stock Price Down 5%

Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) fell 5% during mid-day trading on Thursday . The stock traded as low as $64.81 and last traded at $64.90. 888,016 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 1,069,522 shares. The stock had previously closed at $68.29.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLAY. UBS Group lifted their price objective on shares of Dave & Buster's Entertainment from $60.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday. Raymond James reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Monday, March 25th. Truist Financial boosted their target price on shares of Dave & Buster's Entertainment from $75.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday. Piper Sandler reissued a "neutral" rating and set a $71.00 target price (up previously from $50.00) on shares of Dave & Buster's Entertainment in a research report on Thursday. Finally, Jefferies Financial Group boosted their target price on shares of Dave & Buster's Entertainment from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $69.21.

Dave & Buster's Entertainment Price Performance

The stock's 50-day moving average price is $60.17 and its 200 day moving average price is $48.40. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 23.19 and a beta of 2.08. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 6.06.

Insider Activity

In other news, Director Michael J. Griffith sold 5,203 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the transaction, the director now owns 33,546 shares of the company's stock, valued at $2,199,611.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Michael J. Griffith sold 5,203 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the transaction, the director now owns 33,546 shares of the company's stock, valued at $2,199,611.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Mulleady sold 42,824 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares of the company's stock, valued at approximately $3,803,848.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,527 shares of company stock valued at $3,554,258. Insiders own 1.60% of the company's stock.

Institutional Trading of Dave & Buster's Entertainment

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

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.