Dave & Buster’s Entertainment (NASDAQ:PLAY) Director Nathaniel Lipman Acquires 12,000 Shares

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Director Nathaniel Lipman bought 12,000 shares of the stock in a transaction on Thursday, September 17th. The shares were acquired at an average cost of $6.78 per share, for a total transaction of $81,360.00. Following the purchase, the director owned 30,715 shares in the company, valued at $208,247.70. The trade was a 64.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $6.54 on Friday. The firm has a 50-day simple moving average of $9.65 and a 200-day simple moving average of $11.21. The stock has a market capitalization of $227.79 million, a price-to-earnings ratio of -2.54 and a beta of 1.82. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 17.07. Dave & Buster’s Entertainment, Inc. has a 52 week low of $6.45 and a 52 week high of $22.10.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Monday, September 14th. The restaurant operator reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.46). The business had revenue of $544.10 million for the quarter, compared to analyst estimates of $556.83 million. Dave & Buster’s Entertainment had a negative return on equity of 51.87% and a negative net margin of 4.26%.The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. On average, equities analysts predict that Dave & Buster’s Entertainment, Inc. will post -1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLAY. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Friday, July 17th. UBS Group cut their target price on Dave & Buster’s Entertainment from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday. Citigroup reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Tuesday. Citizens Jmp initiated coverage on Dave & Buster’s Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. Finally, Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.33.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Dave & Buster’s Entertainment during the 2nd quarter valued at about $36,725,000. Wolf Hill Capital Management LP acquired a new stake in shares of Dave & Buster’s Entertainment during the second quarter worth about $15,468,694. Arrowstreet Capital Limited Partnership boosted its stake in shares of Dave & Buster’s Entertainment by 44.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator’s stock valued at $16,351,000 after purchasing an additional 468,174 shares during the period. MUFG Securities EMEA plc purchased a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $7,359,000. Finally, ING Groep NV purchased a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $7,311,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc (NASDAQ: PLAY) is an entertainment and dining company that operates venues combining arcade games, sports viewing, food and beverages, and social experiences. Its Dave & Buster’s locations are designed for adults and families and offer interactive games, prize redemption, casual dining, full-service bars, and space for group events and parties.

The company also operates Main Event, a family entertainment brand offering bowling, arcade games, laser tag, virtual reality attractions, and food and beverages.