Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Down 6.3% – Time to Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price fell 6.3% during trading on Tuesday . The company traded as low as $25.17 and last traded at $25.22. 1,305,740 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 1,584,719 shares. The stock had previously closed at $26.93.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. BMO Capital Markets decreased their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating on the stock. Finally, Loop Capital lowered their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average target price of $52.25.

Dave & Buster’s Entertainment Stock Performance

The stock’s 50 day moving average is $32.79 and its two-hundred day moving average is $33.98. The firm has a market capitalization of $956.03 million, a P/E ratio of 12.29 and a beta of 2.17. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the transaction, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at approximately $1,825,021. This trade represents a 38.05 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kimelman & Baird LLC bought a new position in Dave & Buster’s Entertainment during the second quarter worth about $28,000. Quarry LP bought a new position in Dave & Buster’s Entertainment during the 3rd quarter worth approximately $47,000. Point72 Hong Kong Ltd bought a new position in Dave & Buster’s Entertainment during the 3rd quarter worth approximately $121,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $144,000. Finally, Mackenzie Financial Corp bought a new stake in Dave & Buster’s Entertainment in the second quarter valued at approximately $207,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.