Dave & Buster’s Entertainment (NASDAQ:PLAY) CEO Tarun Lal Acquires 2,500 Shares of Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CEO Tarun Lal bought 2,500 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were acquired at an average price of $20.52 per share, for a total transaction of $51,300.00. Following the completion of the transaction, the chief executive officer owned 10,560 shares in the company, valued at $216,691.20. This represents a 31.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $9.81 on Friday. The firm has a market capitalization of $340.21 million, a PE ratio of -245.19 and a beta of 1.79. 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 12-month low of $9.61 and a 12-month high of $35.53. The firm has a 50-day moving average price of $15.88 and a 200 day moving average price of $16.90.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently modified their holdings of the stock. First Eagle Investment Management LLC bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at approximately $1,834,000. Arrowstreet Capital Limited Partnership raised its position in 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 during the last quarter. Clearline Capital LP raised its position in Dave & Buster’s Entertainment by 20.4% in the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock worth $29,419,000 after purchasing an additional 274,541 shares during the last quarter. SG Americas Securities LLC raised its position in Dave & Buster’s Entertainment by 411.9% in the 3rd quarter. SG Americas Securities LLC now owns 190,840 shares of the restaurant operator’s stock worth $3,466,000 after purchasing an additional 153,556 shares during the last quarter. Finally, Cibc World Market Inc. lifted its holdings in Dave & Buster’s Entertainment by 236.9% during the 3rd quarter. Cibc World Market Inc. now owns 336,900 shares of the restaurant operator’s stock worth $6,118,000 after buying an additional 236,900 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PLAY has been the subject of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Wall Street Zen upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Sunday. UBS Group dropped their price objective on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. BMO Capital Markets cut their price objective on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Finally, Loop Capital set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $23.83.

About Dave & Buster’s Entertainment

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.