Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.24 and traded as low as $10.06. Dave & Buster’s Entertainment shares last traded at $10.11, with a volume of 1,177,878 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PLAY shares. Zacks Research downgraded Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd. Wall Street Zen downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th. Piper Sandler cut their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Finally, Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.83.

Dave & Buster’s Entertainment Trading Down 1.2%

The company has a 50 day moving average of $12.22 and a 200 day moving average of $15.24. The company has a debt-to-equity ratio of 16.61, a quick ratio of 0.19 and a current ratio of 0.29. The stock has a market capitalization of $351.22 million, a price-to-earnings ratio of -7.07 and a beta of 1.78.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.74). The firm had revenue of $529.60 million during the quarter, compared to analyst estimates of $556.56 million. Dave & Buster’s Entertainment had a negative net margin of 2.32% and a negative return on equity of 7.93%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. On average, research analysts predict that Dave & Buster’s Entertainment, Inc. will post -0.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, SVP Steve Klohn sold 6,989 shares of Dave & Buster’s Entertainment stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $14.69, for a total value of $102,668.41. Following the completion of the transaction, the senior vice president directly owned 38,547 shares of the company’s stock, valued at $566,255.43. The trade was a 15.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its position in Dave & Buster’s Entertainment by 616.6% in the 4th 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 in the last quarter. Leonteq Securities AG acquired a new position in Dave & Buster’s Entertainment in the 4th quarter valued at about $42,000. Quadrant Capital Group LLC acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $104,000. Finally, AlphaQuest LLC boosted its stake in shares of Dave & Buster’s Entertainment by 415.9% in the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 6,525 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

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.