Dave & Buster’s Entertainment Inc (PLAY) SVP Sells $119,600.00 in Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) SVP J Michael Plunkett sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $59.80, for a total transaction of $119,600.00. Following the sale, the senior vice president now owns 3,671 shares of the company’s stock, valued at $219,525.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ PLAY opened at $60.75 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.47 and a quick ratio of 0.36. Dave & Buster’s Entertainment Inc has a twelve month low of $37.85 and a twelve month high of $67.05. The stock has a market capitalization of $2.30 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.44 and a beta of 0.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The business had revenue of $319.20 million during the quarter, compared to analysts’ expectations of $311.85 million. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.76 earnings per share for the current year.

The firm also recently declared a special dividend, which was paid on Wednesday, October 10th. Shareholders of record on Tuesday, September 25th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, September 24th. Dave & Buster’s Entertainment’s dividend payout ratio is 23.08%.

PLAY has been the subject of several research reports. Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, July 17th. Maxim Group reiterated a “buy” rating and issued a $68.00 target price on shares of Dave & Buster’s Entertainment in a research note on Monday, July 23rd. William Blair reiterated a “buy” rating on shares of Dave & Buster’s Entertainment in a research note on Friday, August 17th. BidaskClub upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Finally, Raymond James increased their target price on shares of Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Fourteen research analysts have rated the stock with a buy rating, Dave & Buster’s Entertainment presently has an average rating of “Buy” and a consensus price target of $69.82.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virginia Retirement Systems ET AL bought a new position in Dave & Buster’s Entertainment during the third quarter worth about $808,000. WINTON GROUP Ltd bought a new position in Dave & Buster’s Entertainment during the third quarter worth about $15,918,000. HL Financial Services LLC lifted its stake in Dave & Buster’s Entertainment by 23.0% during the third quarter. HL Financial Services LLC now owns 83,146 shares of the restaurant operator’s stock worth $5,506,000 after purchasing an additional 15,552 shares during the period. Pitcairn Co. bought a new position in Dave & Buster’s Entertainment during the third quarter worth about $201,000. Finally, Comerica Bank lifted its stake in Dave & Buster’s Entertainment by 29.8% during the third quarter. Comerica Bank now owns 45,490 shares of the restaurant operator’s stock worth $2,634,000 after purchasing an additional 10,450 shares during the period.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrées 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.

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