Dave & Buster’s Entertainment (NASDAQ:PLAY) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Dave & Buster’s Entertainment Trading Down 4.2 %

The company’s 50 day moving average price is $27.21 and its 200 day moving average price is $31.93. The company has a market cap of $929.01 million, a price-to-earnings ratio of 11.95 and a beta of 2.17. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 37,735 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the purchase, the chief executive officer now directly owns 139,011 shares in the company, valued at $3,542,000.28. This trade represents a 37.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Clearline Capital LP grew its stake in Dave & Buster’s Entertainment by 1,768.8% in the 4th quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator’s stock valued at $33,458,000 after buying an additional 1,084,890 shares during the last quarter. Patient Capital Management LLC grew its stake in Dave & Buster’s Entertainment by 36.6% in the 4th quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator’s stock valued at $51,878,000 after buying an additional 476,662 shares during the last quarter. SG Americas Securities LLC grew its stake in Dave & Buster’s Entertainment by 1,100.8% in the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock valued at $12,405,000 after buying an additional 389,577 shares during the last quarter. Boston Partners grew its stake in Dave & Buster’s Entertainment by 132.5% in the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock valued at $16,563,000 after buying an additional 323,595 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in Dave & Buster’s Entertainment in the 4th quarter valued at $6,702,000. 91.45% of the stock is currently 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.