Alan J. Lacy Sells 25,000 Shares of Dave & Buster's Entertainment, Inc. (PLAY) Stock

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Director Alan J. Lacy sold 25,000 shares of the company’s stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $60.18, for a total value of $1,504,500.00. Following the sale, the director now owns 55,485 shares of the company’s stock, valued at approximately $3,339,087.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) traded up 0.16% during midday trading on Friday, hitting $62.87. The stock had a trading volume of 322,625 shares. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 29.94 and a beta of 0.71. Dave & Buster's Entertainment, Inc. has a 12 month low of $36.83 and a 12 month high of $63.12. The stock has a 50 day moving average of $59.67 and a 200 day moving average of $52.49.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, March 28th. The restaurant operator reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The business had revenue of $270.18 million for the quarter, compared to the consensus estimate of $269.77 million. Dave & Buster's Entertainment had a net margin of 8.91% and a return on equity of 22.15%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Analysts expect that Dave & Buster's Entertainment, Inc. will post $2.44 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Dave & Buster's Entertainment (NASDAQ:PLAY)

ILLEGAL ACTIVITY WARNING: “Alan J. Lacy Sells 25,000 Shares of Dave & Buster's Entertainment, Inc. (PLAY) Stock” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/04/21/dave-s-entertainment-inc-play-director-alan-j-lacy-sells-25000-shares-updated.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. FMR LLC increased its position in shares of Dave & Buster's Entertainment by 4.8% in the fourth quarter. FMR LLC now owns 6,307,593 shares of the restaurant operator’s stock worth $355,117,000 after buying an additional 291,674 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Dave & Buster's Entertainment by 6.8% in the third quarter. BlackRock Fund Advisors now owns 961,968 shares of the restaurant operator’s stock worth $37,690,000 after buying an additional 60,934 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Dave & Buster's Entertainment by 12.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 901,256 shares of the restaurant operator’s stock worth $35,311,000 after buying an additional 98,795 shares during the last quarter. Putnam Investments LLC bought a new position in shares of Dave & Buster's Entertainment during the fourth quarter worth approximately $47,581,000. Finally, Melvin Capital Management LP increased its position in shares of Dave & Buster's Entertainment by 153.8% in the third quarter. Melvin Capital Management LP now owns 825,000 shares of the restaurant operator’s stock worth $32,324,000 after buying an additional 500,000 shares during the last quarter.

Several analysts have recently commented on PLAY shares. Canaccord Genuity reiterated a “buy” rating and set a $67.00 price objective on shares of Dave & Buster's Entertainment in a report on Thursday, March 30th. BMO Capital Markets reaffirmed an “outperform” rating and set a $64.00 price target on shares of Dave & Buster's Entertainment in a research report on Wednesday, March 29th. Nomura started coverage on Dave & Buster's Entertainment in a research report on Wednesday, March 22nd. They set a “buy” rating on the stock. Piper Jaffray Companies increased their price target on Dave & Buster's Entertainment from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, March 24th. Finally, SunTrust Banks, Inc. set a $69.00 price target on Dave & Buster's Entertainment and gave the stock a “buy” rating in a research report on Thursday, April 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.72.

5 Day Chart for NASDAQ:PLAY

Receive News & Ratings for Dave & Buster's Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply