Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Down 6.4%

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price fell 6.4% during trading on Friday . The stock traded as low as $56.44 and last traded at $56.87. 375,590 shares changed hands 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

Several research firms have recently commented on PLAY. StockNews.com upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday. Truist Financial boosted their price objective on shares of Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group boosted their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets boosted their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average target price of $69.21.

Dave & Buster’s Entertainment Trading Down 7.6 %

The stock’s fifty day simple moving average is $61.40 and its 200-day simple moving average is $49.68. The firm has a market cap of $2.26 billion, a PE ratio of 19.96 and a beta of 2.08. The company has a debt-to-equity ratio of 5.11, a current ratio of 0.32 and a quick ratio of 0.23.

Insiders Place Their Bets

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

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 during the fourth quarter valued at $26,000. Lazard Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment during the first quarter valued at $32,000. Principal Securities Inc. acquired a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at $38,000. Federated Hermes Inc. grew its position in Dave & Buster’s Entertainment by 67.3% during the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after buying an additional 292 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at $45,000. Institutional investors and hedge funds 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.