Tarun Lal Purchases 2,500 Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CEO Tarun Lal purchased 2,500 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were acquired at an average cost of $20.52 per share, for a total transaction of $51,300.00. Following the acquisition, the chief executive officer owned 10,560 shares of the company’s stock, valued at approximately $216,691.20. The trade was a 31.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $9.81 on Monday. Dave & Buster’s Entertainment, Inc. has a 12-month low of $9.61 and a 12-month high of $35.53. The firm has a market capitalization of $340.21 million, a price-to-earnings ratio of -245.19 and a beta of 1.79. The business has a 50 day simple moving average of $15.88 and a 200 day simple moving average of $16.87. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22.

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. boosted its stake in Dave & Buster’s Entertainment by 532.9% during the third quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock valued at $43,787,000 after buying an additional 2,030,186 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Dave & Buster’s Entertainment by 99.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after acquiring an additional 499,412 shares during the period. MUFG Securities EMEA plc bought a new stake in Dave & Buster’s Entertainment in the fourth quarter worth about $7,359,000. ING Groep NV bought a new stake in Dave & Buster’s Entertainment in the fourth quarter worth about $7,311,000. Finally, SG Americas Securities LLC lifted its holdings in Dave & Buster’s Entertainment by 232.3% in the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after acquiring an additional 443,308 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Analysts Set New Price Targets

PLAY has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, January 16th. Loop Capital set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Finally, Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $23.83.

About Dave & Buster’s Entertainment

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.