Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CFO Michael Quartieri buys 5,000 shares

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rated) Chief Financial Officer Michael Quartieri purchased 5,000 shares of the company in a transaction on Tuesday, October 11. The shares were purchased at an average cost of $31.73 per share, for a total transaction of $158,650.00. After completing the acquisition, the CFO now directly owns 41,185 shares in the company, valued at approximately $1,306,800.05. The purchase was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this link.

Dave & Buster entertainment shares fell 0.3%

Shares of Dave & Buster’s Entertainment were down $0.08 during midday trading on Tuesday, hitting $31.57. The stock had a trading volume of 1,087,307 shares, compared to its average volume of 1,179,805. Dave & Buster’s Entertainment Inc has a 12 month minimum of $29.60 and a 12 month maximum of $52.54. The company has a market cap of $1.52 billion, a P/E ratio of 11.85, a PEG ratio of 0.76, and a beta of 1.79. The company has a fifty day moving average price of $38.28 and a two hundred day moving average price of $38.73. The company has a current ratio of 0.53, a quick ratio of 0.41, and a debt-to-equity ratio of 3.42.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last published its earnings results on Wednesday, September 7. The restaurant operator reported $0.59 EPS for the quarter, missing analyst consensus estimates of $1.07 per ($0.48). Dave & Buster’s Entertainment had a net margin of 8.37% and a return on equity of 43.40%. The company had revenue of $468.40 million during the quarter, compared to the consensus estimate of $432.92 million. During the same period last year, the company earned $1.07 of earnings per share. The company’s quarterly revenue increased 24.0% year over year. As a group, stock analysts expect Dave & Buster’s Entertainment Inc to post 2.81 EPS for the current fiscal year.

Analysts set new price targets

Several research analysts have commented on the company. Piper Sandler lowered Dave & Buster’s Entertainment’s price target from $44.00 to $34.00 and placed a “neutral” rating on the stock in a report on Wednesday, Oct. 5. Stifel Nicolaus cut his price target on Dave & Buster’s Entertainment from $45.00 to $36.00 and placed a “hold” rating on the stock in a report Tuesday, June 21. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, September 20. Deutsche Bank Aktiengesellschaft raised its price target on Dave & Buster’s Entertainment to $48.00 from $37.00 and gave the stock a “hold” rating in a research report on Friday, September 9. Ultimately, Raymond James lowered his price target on Dave & Buster’s Entertainment from $60.00 to $55.00 and set a “strong buy” rating on the company in a research report on Wednesday, July 13. One research analyst rated the stock a sell rating, three assigned a hold rating, four issued a buy rating, and one issued a strong buy rating on the company. According to MarketBeat data, Dave & Buster’s Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

Dave & Buster’s Entertainment Institutional Trading

Hedge funds and other institutional investors have recently increased or reduced their holdings in the company. BlackRock Inc. increased its stake in Dave & Buster’s Entertainment by 0.4% in the first quarter. BlackRock Inc. now owns 6,454,597 shares of the restaurant operator valued at $316,921,000 after buying an additional 23,447 shares last quarter. Vanguard Group Inc. increased its stake in Dave & Buster’s Entertainment by 0.5% during the first quarter. Vanguard Group Inc. now owns 5,154,666 shares of the restaurant operator valued at $253,094,000 after buying an additional 26,289 shares last quarter. Nomura Holdings Inc. increased its stake in Dave & Buster’s Entertainment by 5,278.0% during the second quarter. Nomura Holdings Inc. now owns 2,333,892 shares of the restaurant operator valued at $78,547,000 after buying an additional 2,290,495 shares last quarter. State Street Corp increased its stake in Dave & Buster’s Entertainment by 2.3% during the second quarter. State Street Corp now owns 1,428,262 shares of the restaurant operator valued at $46,818,000 after buying an additional 32,280 shares during the last quarter. Finally, Candlestick Capital Management LP increased its stake in Dave & Buster’s Entertainment by 5.0% during the second quarter. Candlestick Capital Management LP now owns 1,136,523 shares of the restaurant operator valued at $37,255,000 after purchasing an additional 54,403 shares during the last quarter. 99.21% of the shares are owned by institutional investors.

Dave & Buster Entertainment Company Profile

(Get rating)

Dave & Buster’s Entertainment, Inc owns and operates entertainment venues and restaurants for adults and families. Its premises offer a menu of starters and appetizers, as well as a selection of alcoholic and non-alcoholic drinks; and a variety of entertainment attractions focused on playing and watching live sports and other televised events.

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Insider Trading by Quarter for Dave & Buster's Entertainment (NASDAQ:PLAY)

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