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

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

Dave & Buster’s Entertainment Trading Down 7.9%

Shares of PLAY 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 has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. Dave & Buster’s Entertainment, Inc. has a fifty-two week low of $9.61 and a fifty-two week high of $35.53. The firm has a 50 day moving average price of $15.88 and a 200-day moving average price of $16.94.

Analysts Set New Price Targets

Several analysts have weighed in on PLAY shares. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, January 21st. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. BMO Capital Markets dropped their target price 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, UBS Group dropped their target price on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Three equities 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $23.83.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of Dave & Buster’s Entertainment by 616.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 1,671 shares during the period. Leonteq Securities AG bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at about $42,000. Tower Research Capital LLC TRC boosted its holdings in shares of Dave & Buster’s Entertainment by 292.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after purchasing an additional 3,772 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth about $104,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.