Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) SVP J Michael Plunkett sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $51.20, for a total transaction of $153,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ PLAY) opened at 49.70 on Friday. The firm has a 50-day moving average price of $54.20 and a 200-day moving average price of $61.90. Dave & Buster’s Entertainment, Inc. has a 12-month low of $39.15 and a 12-month high of $73.48. The firm has a market cap of $2.04 billion, a P/E ratio of 19.35 and a beta of 0.59.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The company had revenue of $280.80 million during the quarter, compared to analyst estimates of $281.69 million. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. On average, equities research analysts expect that Dave & Buster’s Entertainment, Inc. will post $2.70 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment announced that its Board of Directors has authorized a stock buyback plan on Friday, September 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This story was first reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.watchlistnews.com/dave-busters-entertainment-inc-play-svp-sells-153600-00-in-stock/1615224.html.

PLAY has been the topic of several recent research reports. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of Dave & Buster’s Entertainment in a research report on Friday, July 14th. BidaskClub cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $69.00 target price (down previously from $74.00) on shares of Dave & Buster’s Entertainment in a research report on Friday, September 1st. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $77.00 price target on shares of Dave & Buster’s Entertainment in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Dave & Buster’s Entertainment presently has an average rating of “Buy” and a consensus target price of $74.11.

Several institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Dave & Buster’s Entertainment by 335.9% during the first quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 1,468 shares during the last quarter. Strs Ohio lifted its holdings in shares of Dave & Buster’s Entertainment by 76.9% during the first quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock valued at $140,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Dave & Buster’s Entertainment by 147.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 1,286 shares during the last quarter. Point72 Asia Hong Kong Ltd lifted its holdings in shares of Dave & Buster’s Entertainment by 14,258.8% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,441 shares of the restaurant operator’s stock valued at $149,000 after purchasing an additional 2,424 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Dave & Buster’s Entertainment during the second quarter valued at $153,000.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

Insider Buying and Selling by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

Receive News & Ratings for Dave & Buster's Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.