Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Director Stephen M. King Sells 30,000 Shares

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Director Stephen M. King sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $64.49, for a total value of $1,934,700.00. Following the completion of the sale, the director now directly owns 20,556 shares in the company, valued at approximately $1,325,656.44. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Dave & Buster’s Entertainment stock traded up $0.95 on Friday, reaching $61.38. The company’s stock had a trading volume of 917,211 shares, compared to its average volume of 1,190,955. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47. Dave & Buster’s Entertainment Inc has a twelve month low of $37.85 and a twelve month high of $67.05. The firm 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 (NASDAQ:PLAY) last issued its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $319.20 million for the quarter, compared to analyst estimates of $311.85 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.75 earnings per share for the current year.

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

PLAY has been the topic of several recent analyst reports. BidaskClub lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th. ValuEngine lowered Dave & Buster’s Entertainment from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, July 17th. Finally, Maxim Group reissued a “buy” rating and issued a $68.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Monday, July 23rd. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Dave & Buster’s Entertainment presently has an average rating of “Buy” and an average price target of $70.50.

Several institutional investors and hedge funds have recently modified their holdings of PLAY. BlackRock Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 42.4% during the first quarter. BlackRock Inc. now owns 7,342,209 shares of the restaurant operator’s stock valued at $306,465,000 after acquiring an additional 2,186,997 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of Dave & Buster’s Entertainment by 4,869.8% during the first quarter. Summit Trail Advisors LLC now owns 1,257,469 shares of the restaurant operator’s stock valued at $1,257,000 after acquiring an additional 1,232,167 shares during the period. Millennium Management LLC bought a new stake in Dave & Buster’s Entertainment in the second quarter valued at about $24,305,000. Sapience Investments LLC bought a new stake in Dave & Buster’s Entertainment in the second quarter valued at about $14,872,000. Finally, Interval Partners LP bought a new stake in Dave & Buster’s Entertainment in the first quarter valued at about $12,524,000.

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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