Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)’s share price was down 22.3% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $43.77 and last traded at $43.79. Approximately 8,923,000 shares traded hands during trading, an increase of 228% from the average daily volume of 2,721,860 shares. The stock had previously closed at $56.37.

Specifically, CFO Brian Jenkins sold 10,000 shares of Dave & Buster's Entertainment stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $54.09, for a total value of $540,900.00. Following the completion of the sale, the chief financial officer now owns 5,042 shares in the company, valued at $272,721.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jay L. Tobin sold 4,000 shares of Dave & Buster's Entertainment stock in a transaction on Friday, December 15th. The stock was sold at an average price of $55.00, for a total transaction of $220,000.00. Following the completion of the sale, the senior vice president now owns 52,071 shares of the company’s stock, valued at approximately $2,863,905. The disclosure for this sale can be found here. Insiders have sold 26,600 shares of company stock worth $1,478,448 in the last quarter. Insiders own 3.84% of the company’s stock.

PLAY has been the subject of a number of research analyst reports. TheStreet upgraded shares of Dave & Buster's Entertainment from a “c” rating to a “b-” rating in a research note on Thursday, November 9th. Maxim Group lifted their price target on shares of Dave & Buster's Entertainment from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research upgraded shares of Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Monday, October 30th. Canaccord Genuity restated a “buy” rating and issued a $72.00 price target on shares of Dave & Buster's Entertainment in a research note on Sunday, October 22nd. Finally, Longbow Research initiated coverage on shares of Dave & Buster's Entertainment in a research note on Friday, October 13th. They issued a “buy” rating and a $77.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Dave & Buster's Entertainment currently has an average rating of “Buy” and an average price target of $69.80.

The firm has a market capitalization of $1,790.00, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.44 and a beta of 0.58. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $250.00 million during the quarter, compared to the consensus estimate of $255.70 million. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share. analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.65 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Dave & Buster's Entertainment by 147.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 1,286 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Dave & Buster's Entertainment in the second quarter worth $153,000. First Republic Investment Management Inc. acquired a new position in Dave & Buster's Entertainment in the third quarter worth $203,000. Riverhead Capital Management LLC boosted its holdings in Dave & Buster's Entertainment by 96.1% in the second quarter. Riverhead Capital Management LLC now owns 3,529 shares of the restaurant operator’s stock worth $235,000 after purchasing an additional 1,729 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Dave & Buster's Entertainment by 9.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,613 shares of the restaurant operator’s stock worth $240,000 after purchasing an additional 319 shares during the period.

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About Dave & Buster's Entertainment

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.

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