Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CFO Darin Harper Buys 13,438 Shares

Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Free Report) CFO Darin Harper acquired 13,438 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the acquisition, the chief financial officer now directly owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Darin Harper also recently made the following trade(s):

  • On Friday, July 5th, Darin Harper acquired 140 shares of Dave & Buster’s Entertainment stock. The shares were acquired at an average price of $37.82 per share, for a total transaction of $5,294.80.

Dave & Buster’s Entertainment Trading Down 0.3 %

NASDAQ:PLAY opened at $37.87 on Friday. The business’s 50-day moving average is $47.74 and its two-hundred day moving average is $53.88. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.32 and a quick ratio of 0.24. Dave & Buster’s Entertainment Inc has a 12 month low of $33.07 and a 12 month high of $69.82. The firm has a market capitalization of $1.50 billion, a PE ratio of 16.11 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) last announced its earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The business had revenue of $588.10 million for the quarter, compared to analysts’ expectations of $615.88 million. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. Research analysts predict that Dave & Buster’s Entertainment Inc will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PLAY shares. Piper Sandler restated a “neutral” rating and set a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. William Blair restated an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Truist Financial decreased their price objective on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday, June 11th. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, June 13th. Finally, StockNews.com raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.71.

Get Our Latest Stock Analysis on Dave & Buster’s Entertainment

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the business. Boulder Hill Capital Management LP purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth about $2,477,000. Cerity Partners LLC acquired a new position in Dave & Buster’s Entertainment in the fourth quarter worth about $1,102,000. Vanguard Group Inc. grew its stake in Dave & Buster’s Entertainment by 2.7% in the third quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock worth $166,166,000 after purchasing an additional 116,402 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Dave & Buster’s Entertainment in the fourth quarter worth about $910,000. Finally, Wolf Hill Capital Management LP acquired a new position in Dave & Buster’s Entertainment in the fourth quarter worth about $72,730,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

(Get Free Report)

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.

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