Dave & Buster’s Entertainment (NASDAQ:PLAY) Sets New 1-Year Low – Should You Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.26 and last traded at $18.70, with a volume of 1893737 shares trading hands. The stock had previously closed at $20.81.

Analyst Ratings Changes

PLAY has been the subject of several analyst reports. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. BMO Capital Markets lowered their target price on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Gordon Haskett restated a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital cut their target price 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. Finally, Truist Financial decreased their target price on 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average price target of $46.67.

Dave & Buster’s Entertainment Trading Down 9.6 %

The stock has a market capitalization of $671.11 million, a price-to-earnings ratio of 8.63 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. The business has a 50 day simple moving average of $24.75 and a 200-day simple moving average of $30.67.

Insider Activity at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan acquired 19,025 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $26.44 per share, with a total value of $503,021.00. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently added to or reduced their stakes in PLAY. Quarry LP acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter worth about $47,000. SBI Securities Co. Ltd. bought a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at approximately $47,000. KBC Group NV boosted its position in Dave & Buster’s Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 885 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth approximately $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth approximately $144,000. 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.