Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CFO Brian Jenkins sold 500 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $52.25, for a total transaction of $26,125.00. Following the completion of the sale, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at approximately $263,444.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Brian Jenkins also recently made the following trade(s):

  • On Thursday, September 7th, Brian Jenkins sold 7,500 shares of Dave & Buster’s Entertainment stock. The shares were sold at an average price of $50.10, for a total transaction of $375,750.00.
  • On Friday, June 30th, Brian Jenkins sold 22,500 shares of Dave & Buster’s Entertainment stock. The stock was sold at an average price of $66.53, for a total transaction of $1,496,925.00.

Dave & Buster’s Entertainment, Inc. (PLAY) opened at 51.03 on Tuesday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 21.60 and a beta of 0.65. Dave & Buster’s Entertainment, Inc. has a 52 week low of $37.60 and a 52 week high of $73.48. The firm’s 50-day moving average is $59.93 and its 200 day moving average is $62.91.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The company had revenue of $280.80 million during the quarter, compared to the consensus estimate of $281.69 million. During the same quarter in the prior year, the company posted $0.50 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts expect that Dave & Buster’s Entertainment, Inc. will post $2.69 EPS for the current year.

Dave & Buster’s Entertainment declared that its board has approved a share buyback plan on Tuesday, June 6th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 3.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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Several hedge funds and other institutional investors have recently bought and sold shares of PLAY. BlackRock Inc. increased its stake in shares of Dave & Buster’s Entertainment by 128,117.4% during the 1st quarter. BlackRock Inc. now owns 4,429,910 shares of the restaurant operator’s stock valued at $270,623,000 after acquiring an additional 4,426,455 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth about $48,306,000. Mik Capital LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth about $43,824,000. TimesSquare Capital Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter worth about $31,865,000. Finally, Vanguard Group Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 3,912,633 shares of the restaurant operator’s stock worth $239,022,000 after purchasing an additional 411,339 shares during the period.

PLAY has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of Dave & Buster’s Entertainment in a research note on Friday, July 14th. Maxim Group reaffirmed a “buy” rating and set a $72.00 target price on shares of Dave & Buster’s Entertainment in a research note on Friday, June 2nd. Wells Fargo & Company reaffirmed an “outperform” rating and set a $75.00 target price on shares of Dave & Buster’s Entertainment in a research note on Tuesday, May 30th. Finally, BidaskClub lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Dave & Buster’s Entertainment has a consensus rating of “Buy” and a consensus target price of $74.11.

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.

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

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