Dave & Buster's Entertainment (NASDAQ:PLAY) Shares Down 6.4%

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s share price traded down 6.4% on Friday . The stock traded as low as $56.44 and last traded at $56.87. 375,590 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,093,129 shares. The stock had previously closed at $60.73.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PLAY shares. UBS Group lifted their target price on Dave & Buster's Entertainment from $60.00 to $66.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. Jefferies Financial Group boosted their price objective on 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. Raymond James reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Monday, March 25th. BMO Capital Markets upped their target price on Dave & Buster's Entertainment from $60.00 to $75.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 3rd. Finally, StockNews.com upgraded Dave & Buster's Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Dave & Buster's Entertainment has a consensus rating of "Hold" and a consensus target price of $69.21.

Dave & Buster's Entertainment Price Performance

The company has a market cap of $2.26 billion, a P/E ratio of 19.96 and a beta of 2.08. The company has a fifty day simple moving average of $61.40 and a 200-day simple moving average of $49.58. The company has a debt-to-equity ratio of 5.11, a current ratio of 0.32 and a quick ratio of 0.23.

Insider Buying and Selling at Dave & Buster's Entertainment

In other Dave & Buster's Entertainment news, SVP John Mulleady sold 7,500 shares of the business's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $48.25, for a total transaction of $361,875.00. Following the sale, the senior vice president now directly owns 57,132 shares of the company's stock, valued at approximately $2,756,619. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Dave & Buster's Entertainment news, SVP John Mulleady sold 7,500 shares of the business's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $48.25, for a total transaction of $361,875.00. Following the sale, the senior vice president now directly owns 57,132 shares of the company's stock, valued at approximately $2,756,619. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael J. Griffith sold 5,203 shares of the business's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now directly owns 33,546 shares in the company, valued at $2,199,611.22. The disclosure for this sale can be found here. Insiders have sold a total of 55,527 shares of company stock valued at $3,554,258 in the last three months. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dave & Buster's Entertainment

A number of hedge funds have recently modified their holdings of PLAY. Envestnet Asset Management Inc. acquired a new position in shares of Dave & Buster's Entertainment in the first quarter worth $218,000. Bank of New York Mellon Corp increased its stake in shares of Dave & Buster's Entertainment by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 396,095 shares of the restaurant operator's stock worth $19,448,000 after acquiring an additional 24,101 shares during the last quarter. Citigroup Inc. increased its stake in shares of Dave & Buster's Entertainment by 7.6% in the first quarter. Citigroup Inc. now owns 33,683 shares of the restaurant operator's stock worth $1,654,000 after acquiring an additional 2,367 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Dave & Buster's Entertainment by 4.2% in the first quarter. Bank of Montreal Can now owns 11,169 shares of the restaurant operator's stock worth $559,000 after acquiring an additional 453 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Dave & Buster's Entertainment by 56.4% in the first quarter. MetLife Investment Management LLC now owns 23,220 shares of the restaurant operator's stock worth $1,140,000 after acquiring an additional 8,378 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

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.