Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Director Stephen M. King sold 90,000 shares of the business’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $61.87, for a total transaction of $5,568,300.00. Following the sale, the director now owns 80,691 shares in the company, valued at $4,992,352.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of PLAY stock traded up $0.95 during mid-day trading on Friday, reaching $61.38. The stock had a trading volume of 917,211 shares, compared to its average volume of 1,190,955. The stock has a market cap of $2.57 billion, a P/E ratio of 23.61, a P/E/G ratio of 1.63 and a beta of 0.48. Dave & Buster’s Entertainment Inc has a 12-month low of $37.85 and a 12-month high of $67.05. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.79.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. The firm had revenue of $319.20 million during the quarter, compared to analysts’ expectations of $311.85 million. During the same quarter last year, the business posted $0.59 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.75 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Wednesday, October 10th. Stockholders of record on Tuesday, September 25th were paid a $0.15 dividend. The ex-dividend date was Monday, September 24th. Dave & Buster’s Entertainment’s dividend payout ratio is currently 23.08%.
A number of equities analysts recently issued reports on PLAY shares. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Tuesday, July 17th. SunTrust Banks increased their price objective on Dave & Buster’s Entertainment to $74.00 and gave the company a “positive” rating in a report on Monday, September 17th. ValuEngine downgraded Dave & Buster’s Entertainment from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. BidaskClub raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, July 21st. Finally, Maxim Group reaffirmed a “buy” rating and set a $68.00 price target on shares of Dave & Buster’s Entertainment in a report on Monday, July 23rd. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Dave & Buster’s Entertainment presently has a consensus rating of “Buy” and a consensus price target of $70.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLAY. BlackRock Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 42.4% in the 1st quarter. BlackRock Inc. now owns 7,342,209 shares of the restaurant operator’s stock valued at $306,465,000 after purchasing an additional 2,186,997 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in shares of Dave & Buster’s Entertainment by 4,869.8% in the 1st quarter. Summit Trail Advisors LLC now owns 1,257,469 shares of the restaurant operator’s stock valued at $1,257,000 after purchasing an additional 1,232,167 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $24,305,000. Sapience Investments LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $14,872,000. Finally, Interval Partners LP purchased a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at about $12,524,000.
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 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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