Short-term interest in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) falls 16.4%

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) saw a significant decline in short interest in the month of September. As of September 30, there was short interest on a total of 5,540,000 shares, a decrease of 16.4% from the September 15 total of 6,630,000 shares. Currently, 11.8% of the company’s shares are sold short. Based on an average trading volume of 1,050,000 shares, the days covered rate is currently 5.3 days.

internal activity

In other news, Chief Financial Officer Michael Quartieri bought 5,000 shares of Dave & Buster’s Entertainment in a transaction on Tuesday, October 11. The share was purchased at an average price of $31.73 per share, with a total value of $158,650.00. After completing the acquisition, the CFO now owns 41,185 shares in the company, valued at approximately $1,306,800.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Les Lehner acquired 12,154 shares of the company’s capital stock in a transaction that occurred on Wednesday, October 12. The shares were purchased at an average cost of $32.81 per share, for a total transaction of $398,772.74. After completing the purchase, the senior vice president now directly owns 28,725 shares in the company, valued at $942,467.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Likewise, CFO Michael Quartieri acquired 5,000 shares of the company’s capital stock in a transaction that occurred on Tuesday, October 11. The shares were purchased at an average price of $31.73 per share, for a total transaction of $158,650.00. After completing the purchase, the CFO now owns 41,185 shares of the company, valued at $1,306,800.05. Disclosure of this purchase can be found here. During the last quarter, the experts bought 167,154 shares of the company valued at $5,319,923. Currently, 3.21% of the shares are owned by insiders of the company.

Hedge funds weigh in on Dave & Buster entertainment

Institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in Dave & Buster’s Entertainment during the first quarter valued at about $32,000. Nisa Investment Advisors LLC increased its stake in Dave & Buster’s Entertainment stock by 68.9% in the first quarter. Nisa Investment Advisors LLC now owns 1,030 shares of the restaurant operator valued at $51,000 after buying an additional 420 shares last quarter. Focused Wealth Management Inc purchased a new share of Dave & Buster’s Entertainment stock in the first quarter valued at approximately $69,000. FNY Investment Advisers LLC purchased a new share of Dave & Buster’s Entertainment stock in the first quarter valued at approximately $76,000. Finally, Counterpoint Mutual Funds LLC purchased a new share of Dave & Buster’s Entertainment stock in the first quarter valued at approximately $76,000. Hedge funds and other institutional investors own 99.21% of the company’s shares.

Analysts set new price targets

Several stock research analysts recently weighed in on the stock. Truist Financial raised its share price target for Dave & Buster’s Entertainment from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, September 8. Deutsche Bank Aktiengesellschaft raised its share price target for Dave & Buster’s Entertainment from $37.00 to $48.00 and gave the stock a “hold” rating in a research report on Friday, September 9. StockNews.com took over coverage of the actions of Dave & Buster’s Entertainment in an investigative report on Wednesday. They issued a “sell” rating on the stock. Piper Sandler lowered the price target on Dave & Buster’s Entertainment stock from $44.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 5. Finally, Raymond James lowered the price target on Dave & Buster’s Entertainment stock from $60.00 to $55.00 and set a “strong buy” rating on the stock in a research report on Wednesday, July 13. One investment analyst has rated the stock a sell rating, three have given a hold rating, four have issued a buy rating, and one has given the stock a strong buy rating. According to MarketBeat data, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.38.

Dave & Buster Entertainment Price Performance

NASDAQ PLAY opened at $33.41 on Friday. 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 has a 1-year minimum of $29.60 and a 1-year maximum of $52.54. The stock’s 50-day moving average price is $37.75 and its 200-day moving average price is $38.51. The company has a market capitalization of $1.61 billion, a PE ratio of 12.51, a PEG ratio of 0.75, and a beta of 1.79.

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

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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