Dave & Buster’s Entertainment (NASDAQ:PLAY) CEO Tarun Lal Acquires 1,000 Shares

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CEO Tarun Lal purchased 1,000 shares of the stock in a transaction dated Tuesday, October 21st. The stock was acquired at an average cost of $18.39 per share, with a total value of $18,390.00. Following the transaction, the chief executive officer directly owned 11,560 shares in the company, valued at approximately $212,588.40. This trade represents a 9.47% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $9.81 on Friday. The firm has a market cap of $340.21 million, a price-to-earnings ratio of -245.19 and a beta of 1.79. The company’s 50 day moving average is $15.88 and its 200 day moving average is $16.90. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. Dave & Buster’s Entertainment, Inc. has a 52-week low of $9.61 and a 52-week high of $35.53.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. increased its position in shares of Dave & Buster’s Entertainment by 532.9% during the third quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock worth $43,787,000 after purchasing an additional 2,030,186 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Dave & Buster’s Entertainment by 99.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after purchasing an additional 499,412 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Dave & Buster’s Entertainment during the 4th quarter worth $7,359,000. ING Groep NV purchased a new position in Dave & Buster’s Entertainment during the 4th quarter worth $7,311,000. Finally, SG Americas Securities LLC increased its position in Dave & Buster’s Entertainment by 232.3% during the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after buying an additional 443,308 shares in the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLAY has been the topic of a number of analyst reports. UBS Group cut their price target on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Truist Financial cut their target price on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Loop Capital set a $20.00 target price on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 10th. Finally, BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $23.83.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.