Dave & Buster's Entertainment Sees Unusually High Options Volume (PLAY)

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) was the target of some unusual options trading activity on Monday. Stock traders acquired 2,940 put options on the company. This is an increase of approximately 842% compared to the average daily volume of 312 put options.

A number of analysts have commented on the stock. BidaskClub cut shares of Dave & Buster's Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday. Maxim Group cut their price target on shares of Dave & Buster's Entertainment from $97.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Co cut their price target on shares of Dave & Buster's Entertainment from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday. BMO Capital Markets increased their price target on shares of Dave & Buster's Entertainment to $60.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $56.00 price target on shares of Dave & Buster's Entertainment in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Dave & Buster's Entertainment currently has a consensus rating of “Buy” and an average price target of $69.80.

Shares of Dave & Buster's Entertainment (NASDAQ:PLAY) opened at $46.10 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.26 and a current ratio of 0.38. The stock has a market cap of $1,790.00, a PE ratio of 17.60, a PEG ratio of 1.44 and a beta of 0.58. Dave & Buster's Entertainment has a 12 month low of $43.77 and a 12 month high of $73.48.

Dave & Buster's Entertainment (NASDAQ:PLAY) last posted its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $255.70 million. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. Dave & Buster's Entertainment’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. research analysts forecast that Dave & Buster's Entertainment will post 2.65 earnings per share for the current year.

In other Dave & Buster's Entertainment news, SVP Jay L. Tobin sold 4,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $55.00, for a total value of $220,000.00. Following the completion of the sale, the senior vice president now owns 52,071 shares in the company, valued at $2,863,905. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian Jenkins sold 9,400 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $57.32, for a total transaction of $538,808.00. Following the completion of the sale, the chief financial officer now owns 5,042 shares of the company’s stock, valued at approximately $289,007.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,600 shares of company stock valued at $1,478,448. 3.84% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its stake in Dave & Buster's Entertainment by 414.8% in the 3rd quarter. Mackenzie Financial Corp now owns 1,152,016 shares of the restaurant operator’s stock worth $60,458,000 after purchasing an additional 928,227 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in Dave & Buster's Entertainment by 157.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 463,477 shares of the restaurant operator’s stock worth $24,323,000 after purchasing an additional 283,355 shares in the last quarter. BlackRock Inc. raised its stake in Dave & Buster's Entertainment by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock worth $304,033,000 after purchasing an additional 141,356 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Dave & Buster's Entertainment by 841.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 154,202 shares of the restaurant operator’s stock worth $10,256,000 after purchasing an additional 137,830 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in Dave & Buster's Entertainment in the 3rd quarter worth about $5,750,000.

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About Dave & Buster's Entertainment

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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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