Dave & Buster's Entertainment (NASDAQ:PLAY) Upgraded at StockNews.com

StockNews.com upgraded shares of Dave & Buster's Entertainment (NASDAQ:PLAY - Free Report) from a sell rating to a hold rating in a report released on Wednesday.

Several other research analysts have also recently commented on PLAY. TheStreet raised Dave & Buster's Entertainment from a c+ rating to a b- rating in a research report on Tuesday, January 2nd. Raymond James reaffirmed a market perform rating on shares of Dave & Buster's Entertainment in a research report on Monday, March 25th. Piper Sandler reaffirmed a neutral rating and issued a $71.00 target price (up from $50.00) on shares of Dave & Buster's Entertainment in a research report on Thursday, April 4th. UBS Group lifted their price objective on Dave & Buster's Entertainment from $60.00 to $66.00 and gave the company a neutral rating in a report on Wednesday, April 3rd. Finally, Truist Financial lifted their price objective on Dave & Buster's Entertainment from $75.00 to $78.00 and gave the company a buy rating in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $69.21.

Dave & Buster's Entertainment Stock Performance

Shares of PLAY traded down $1.89 during mid-day trading on Wednesday, hitting $61.11. The company's stock had a trading volume of 1,688,375 shares, compared to its average volume of 1,107,761. Dave & Buster's Entertainment has a one year low of $31.65 and a one year high of $69.82. The company has a debt-to-equity ratio of 5.11, a quick ratio of 0.23 and a current ratio of 0.32. The firm has a market capitalization of $2.46 billion, a PE ratio of 21.75 and a beta of 2.08. The stock's 50-day moving average is $61.26 and its two-hundred day moving average is $49.36.

Insider Activity

In other news, SVP John Mulleady sold 7,500 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $48.25, for a total value of $361,875.00. Following the completion of the sale, the senior vice president now directly owns 57,132 shares in the company, valued at $2,756,619. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP John Mulleady sold 7,500 shares of the firm's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $48.25, for a total value of $361,875.00. Following the completion of the sale, the senior vice president now directly owns 57,132 shares in the company, valued at $2,756,619. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael J. Griffith sold 5,203 shares of Dave & Buster's Entertainment stock in a transaction dated 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 sale, the director now owns 33,546 shares of the company's stock, valued at $2,199,611.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,527 shares of company stock worth $3,554,258. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Dave & Buster's Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Europe London LLP acquired a new stake in Dave & Buster's Entertainment in the fourth quarter worth about $26,000. Lazard Asset Management LLC acquired a new stake in Dave & Buster's Entertainment in the first quarter worth about $32,000. Principal Securities Inc. acquired a new position in shares of Dave & Buster's Entertainment during the 4th quarter worth about $38,000. Federated Hermes Inc. grew its position in shares of Dave & Buster's Entertainment by 67.3% during the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator's stock worth $39,000 after buying an additional 292 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Dave & Buster's Entertainment during the 4th quarter worth about $45,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.