Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Pass Below 50-Day Moving Average – What’s Next?

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $29.06 and traded as low as $24.53. Dave & Buster’s Entertainment shares last traded at $24.61, with a volume of 1,235,925 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Loop Capital decreased their price objective on 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. BMO Capital Markets decreased their price objective on 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. Finally, Gordon Haskett reiterated a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One equities 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’s stock. According to MarketBeat.com, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average target price of $51.43.

Dave & Buster’s Entertainment Stock Performance

The company has a market cap of $947.64 million, a PE ratio of 12.18 and a beta of 2.17. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The business has a fifty day moving average of $29.06 and a 200-day moving average of $32.54.

Insider Activity at Dave & Buster’s Entertainment

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Clare Market Investments LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $540,000. Schwarz Dygos Wheeler Investment Advisors LLC boosted its position in shares of Dave & Buster’s Entertainment by 19.0% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator’s stock worth $311,000 after purchasing an additional 1,700 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $3,677,000. Charles Schwab Investment Management Inc. boosted its position in shares of Dave & Buster’s Entertainment by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator’s stock worth $13,775,000 after purchasing an additional 9,733 shares in the last quarter. Finally, DJE Kapital AG bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $725,000. Hedge funds and other 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.