Dave & Buster’s Entertainment Sees Unusually High Options Volume (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) was the recipient of unusually large options trading on Monday. Stock traders acquired 6,993 put options on the company. This represents an increase of approximately 142% compared to the typical volume of 2,884 put options.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler reissued a “neutral” rating and set a $71.00 price target (up from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Truist Financial upped their price target on Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. UBS Group upped their price target on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. TheStreet raised Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd. Finally, StockNews.com raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus price target of $69.21.

Insiders Place Their Bets

In other news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the transaction, the director now directly owns 33,546 shares in the company, valued at approximately $2,199,611.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the transaction, the director now directly owns 33,546 shares in the company, valued at approximately $2,199,611.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Mulleady sold 42,824 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $66.58, for a total value of $2,851,221.92. Following the transaction, the senior vice president now owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $910,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Dave & Buster’s Entertainment by 4.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,211 shares of the restaurant operator’s stock valued at $1,197,000 after purchasing an additional 925 shares during the period. Voya Investment Management LLC increased its holdings in shares of Dave & Buster’s Entertainment by 46.3% during the fourth quarter. Voya Investment Management LLC now owns 21,385 shares of the restaurant operator’s stock valued at $1,152,000 after purchasing an additional 6,765 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Dave & Buster’s Entertainment by 68.0% during the fourth quarter. Public Sector Pension Investment Board now owns 71,293 shares of the restaurant operator’s stock valued at $3,839,000 after purchasing an additional 28,853 shares during the period. Finally, Bayesian Capital Management LP acquired a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $665,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $54.31 on Wednesday. The firm has a market capitalization of $2.19 billion, a PE ratio of 19.33 and a beta of 2.08. The company has a debt-to-equity ratio of 5.11, a current ratio of 0.32 and a quick ratio of 0.23. Dave & Buster’s Entertainment has a 1-year low of $31.65 and a 1-year high of $69.82. The business’s fifty day moving average price is $61.42 and its two-hundred day moving average price is $50.02.

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.