StockNews.com Downgrades Dave & Buster’s Entertainment (NASDAQ:PLAY) to Sell

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

PLAY has been the topic of several other reports. Raymond James restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, March 25th. Truist Financial lifted their price objective on Dave & Buster’s Entertainment from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Jefferies Financial Group lifted their price objective on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, TheStreet upgraded Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.50.

Get Our Latest Stock Analysis on PLAY

Dave & Buster’s Entertainment Stock Down 3.9 %

Shares of NASDAQ PLAY traded down $2.52 during mid-day trading on Tuesday, hitting $61.91. 2,693,282 shares of the stock traded hands, compared to its average volume of 996,332. The company has a debt-to-equity ratio of 6.06, a quick ratio of 0.27 and a current ratio of 0.37. Dave & Buster’s Entertainment has a 52 week low of $31.65 and a 52 week high of $65.00. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 22.68 and a beta of 2.08. The stock has a fifty day moving average price of $59.60 and a 200-day moving average price of $48.08.

Insider Transactions at Dave & Buster’s Entertainment

In other news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $48.25, for a total value of $361,875.00. Following the completion of the transaction, the senior vice president now owns 57,132 shares in the company, valued at $2,756,619. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Point72 Europe London LLP bought a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter worth $26,000. Lazard Asset Management LLC bought a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth $32,000. Principal Securities Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter worth $38,000. Federated Hermes Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 67.3% in the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 292 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

(Get Free Report)

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.

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