Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.93 and traded as low as $23.86. Dave & Buster’s Entertainment shares last traded at $24.13, with a volume of 1,203,677 shares traded.

Analyst Ratings Changes

PLAY has been the subject of several research analyst reports. Gordon Haskett reiterated a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial cut their price target on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. 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 cut their price target 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. Finally, Loop Capital cut their price target on 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus target price of $51.43.

Dave & Buster’s Entertainment Price Performance

The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The stock has a market cap of $910.14 million, a price-to-earnings ratio of 11.70 and a beta of 2.17. The stock has a fifty day moving average of $27.11 and a 200 day moving average of $31.82.

Insider Buying and Selling

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $26.44 per share, with a total value of $503,021.00. Following the completion of the acquisition, the chief executive officer now owns 69,025 shares of the company’s stock, valued at $1,825,021. The trade was a 38.05 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd increased its position in shares of Dave & Buster’s Entertainment by 171.5% in the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock valued at $1,832,000 after buying an additional 33,988 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dave & Buster’s Entertainment by 3.4% in 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 buying an additional 15,015 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $3,167,000. Intech Investment Management LLC increased its position in shares of Dave & Buster’s Entertainment by 171.4% in the third quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock valued at $731,000 after buying an additional 13,550 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $1,226,000. 91.45% of the stock is owned by institutional investors and hedge funds.

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.