Dave & Buster's Entertainment Target of Unusually Large Options Trading (PLAY)
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) saw some unusual options trading activity on Monday. Stock investors acquired 3,812 call options on the stock. This is an increase of 1,276% compared to the typical daily volume of 277 call options.
Dave & Buster's Entertainment (NASDAQ PLAY) opened at $47.92 on Friday. 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 has a 1-year low of $43.77 and a 1-year high of $73.48. The company has a market cap of $1,880.00, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.44 and a beta of 0.58.
Dave & Buster's Entertainment (NASDAQ:PLAY) last released its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, beating the consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $255.70 million. During the same period last year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. equities research analysts predict that Dave & Buster's Entertainment will post 2.65 earnings per share for the current year.
In other news, CFO Brian Jenkins sold 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $54.09, for a total value of $540,900.00. Following the transaction, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at $272,721.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP J Michael Plunkett sold 2,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $55.02, for a total transaction of $110,040.00. Following the completion of the transaction, the senior vice president now directly owns 2,001 shares in the company, valued at $110,095.02. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock worth $1,478,448 over the last three months. Insiders own 3.84% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Hexavest Inc. bought a new position in Dave & Buster's Entertainment in the 4th quarter valued at about $33,396,000. Copper Rock Capital Partners LLC increased its holdings in Dave & Buster's Entertainment by 3.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 450,787 shares of the restaurant operator’s stock valued at $25,537,000 after buying an additional 15,639 shares during the period. Aurora Investment Counsel bought a new position in Dave & Buster's Entertainment in the 4th quarter valued at about $1,313,000. Hellman Jordan Management Co. Inc. MA bought a new position in Dave & Buster's Entertainment in the 3rd quarter valued at about $570,000. Finally, GSA Capital Partners LLP increased its holdings in Dave & Buster's Entertainment by 298.1% in the 3rd quarter. GSA Capital Partners LLP now owns 18,739 shares of the restaurant operator’s stock valued at $983,000 after buying an additional 14,032 shares during the period.
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About Dave & Buster's Entertainment
Dave & Busters 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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