The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dave & Buster’s Entertainment Inc. shares valued at $1,020,096 were purchased by MORRIS CHRISTOPHER DANIEL on Jul 13. At $30.54 per share, MORRIS CHRISTOPHER DANIEL acquired 33,400 shares. The insider’s holdings grew to 48,206 shares worth approximately $1.61 million following the completion of this transaction.
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Also, Coleman Brandon Charles III sold 10,000 shares, netting a total of over 400,640 in proceeds. Following the sale of shares at $40.06 each, the insider now holds 32,302 shares.
Before that, Metzinger Michael Joseph had sold 572 shares from its account. In a trade valued at $26,260, the VP of Accounting & Controller traded Dave & Buster’s Entertainment Inc. shares for $45.91 each. Upon closing the transaction, the insider’s holdings decreased to 572 shares, worth approximately $0.52 million.
As published in a research note from Deutsche Bank on July 13, 2022, Dave & Buster’s Entertainment Inc. [PLAY] has been rated down from a Buy to a Hold and the price target has been revised to $37. This represents a 9.78% premium over Thursday’s closing price. Analysts at Gordon Haskett upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of October 06, 2021, Loop Capital has initiated its “Buy” rating for PLAY. Earlier on September 24, 2021, Jefferies upgraded its rating. Their new recommendation was “a Buy” for PLAY stock which previously was a “a Hold”.
Analyzing PLAY’s Price Performance
On Thursday, Dave & Buster’s Entertainment Inc. [NASDAQ: PLAY] plunged -4.30% to $33.38. The stock’s lowest price that day was $33.02, but it reached a high of $34.84 in the same session. During the last five days, there has been a drop of approximately -10.89%. Over the course of the year, Dave & Buster’s Entertainment Inc. shares have dropped approximately -13.07%. Shares of the company reached a 52-week high of $52.54 on 03/30/22 and a 52-week low of $29.60 on 07/13/22. A 50-day SMA is recorded $38.85, while a 200-day SMA reached $39.13. Nevertheless, trading volume fell to 1.31 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Dave & Buster’s Entertainment Inc. (PLAY)
According to the 24-hour chart, there is a support level at 32.65, which, if violated, would cause prices to drop to 31.93. In the upper region, resistance lies at 34.47. The next price resistance is at 35.57. RSI (Relative Strength Index) is 31.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.37, which suggests the price will decrease in the coming days. Percent R is at 96.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Dave & Buster’s Entertainment Inc. subject to short interest?
Stocks of Dave & Buster’s Entertainment Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.64 million shares to 6.34 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.7 million shares. A jump of 10.09% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.56.
Which companies own the most shares of Dave & Buster’s Entertainment Inc. (PLAY)?
According to BlackRock Fund Advisors filings, the company currently owns 5,928,258 shares, which is about 12.12% of the total PLAY shares outstanding. The investor’s shares have plunged by -35,621 from its previous 13-F filing of 5963879.0 shares. The Vanguard Group, Inc. reduced a -2.50% interest valued at $204.38 million while Nomura Securities Co., Ltd. purchased a 2,290,495 stake. A total of 322,260 shares of Dave & Buster’s Entertainment Inc. were bought by American Century Investment Manag during the quarter, and 32,280 were bought by SSgA Funds Management, Inc.. In its current portfolio, Marshall Wace LLP holds 1,317,871 shares valued at $54.48 million.
In terms of Dave & Buster’s Entertainment Inc. share price expectations, FactSet research, analysts set an average price target of $53.33 in the next 12 months, up nearly 57.68% from the previous closing price of $34.88. Analysts anticipate Dave & Buster’s Entertainment Inc. stock to reach $66.00 by 2022, with the lowest price target being $38.00. In spite of this, 10 analysts ranked Dave & Buster’s Entertainment Inc. stock as an Overweight at the end of 2022. On September 10, 2021, Wells Fargo assigned a price target of “an Underweight” to the stock and reiterated coverage with a $40.