Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Gap Down – Should You Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $28.84, but opened at $28.22. Dave & Buster’s Entertainment shares last traded at $28.49, with a volume of 95,242 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Loop Capital reduced their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.43.

Dave & Buster’s Entertainment Stock Down 4.6 %

The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The firm has a fifty day simple moving average of $30.87 and a 200-day simple moving average of $33.42. The company has a market capitalization of $1.06 billion, a P/E ratio of 13.61 and a beta of 2.17.

Insider Buying and Selling

In other news, CEO Kevin M. Sheehan acquired 19,025 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the acquisition, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. This represents a 38.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several institutional investors have recently bought and sold shares of PLAY. Dimensional Fund Advisors LP grew its holdings in shares of Dave & Buster’s Entertainment by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock valued at $45,553,000 after acquiring an additional 25,138 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Dave & Buster’s Entertainment by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after purchasing an additional 15,015 shares during the last quarter. SG Americas Securities LLC grew its stake in Dave & Buster’s Entertainment by 1,100.8% in the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock valued at $12,405,000 after purchasing an additional 389,577 shares in the last quarter. Millennium Management LLC increased its position in shares of Dave & Buster’s Entertainment by 55.2% during the 2nd quarter. Millennium Management LLC now owns 219,015 shares of the restaurant operator’s stock worth $8,719,000 after purchasing an additional 77,916 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Dave & Buster’s Entertainment by 7.0% during the 2nd quarter. Sei Investments Co. now owns 164,382 shares of the restaurant operator’s stock worth $6,544,000 after purchasing an additional 10,793 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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.