Home Analysts Viewpoint PLAY (Dave & Buster’s Entertainment Inc.) may reap gains as insiders became active recently

PLAY (Dave & Buster’s Entertainment Inc.) may reap gains as insiders became active recently

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PLAY (Dave & Buster’s Entertainment Inc.) may reap gains as insiders became active recently

Dave & Buster’s Entertainment Inc.’s recent filing unveils that its SVP, Chief Operating Officer Wehner Tony acquired Company’s shares for reported $0.5 million on Oct 14. In the deal valued at $33.86 per share,14,823 shares were bought. As a result of this transaction, Wehner Tony now holds 31,243 shares worth roughly $ 1.18 million.


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Then, Lehner Les bought 12,154 shares, generating $398,741 in total proceeds. Upon buying the shares at $32.81, the SVP, Chief Procurement Ofc now owns 28,725 shares.

Before that, Hill Path Capital Partners LP bought 150,000 shares. Dave & Buster’s Entertainment Inc. shares valued at $4,924,770 were divested by the SEE EXPLANATION OF RESPONSES at a price of $32.83 per share. As a result of the transaction, Hill Path Capital Partners LP now holds 244,906 shares, worth roughly $9.24 million.

Deutsche Bank downgraded its Dave & Buster’s Entertainment Inc. [PLAY] rating to a Hold from a a Buy in a research note published on Friday. PT values the company’s stock at a premium of -1.97 to its Friday closing price. A number of analysts have revised their coverage, including Gordon Haskett’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Loop Capital began covering PLAY with “Buy” recommendation on October 06, 2021. Jefferies revised its rating on September 24, 2021. It rated PLAY as “a Buy” which previously was an “a Hold”.

Price Performance Review of PLAY

On Friday, Dave & Buster’s Entertainment Inc. [NASDAQ:PLAY] saw its stock jump 1.37% to $37.73. On the same session, the stock had its day’s lowest price of $36.94, but rose to a high of $38.35. Over the last five days, the stock has lost -6.26%. Dave & Buster’s Entertainment Inc. shares have fallen nearly -1.74% since the year began. Nevertheless, the stocks have fallen -0.13% over the past one year. While a 52-week high of $52.54 was reached on 03/30/22, a 52-week low of $29.60 was recorded on 07/13/22. SMA at 50 days reached $36.18, while 200 days put it at $38.73. A total of 0.65 million shares were traded, compared to the trading of 1.35 million shares in the previous session.

Levels Of Support And Resistance For PLAY Stock

The 24-hour chart illustrates a support level at 37.00, which if violated will result in even more drops to 36.26. On the upside, there is a resistance level at 38.41. A further resistance level may holdings at 39.08. The Relative Strength Index (RSI) on the 14-day chart is 55.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.00%. Stochastics %K at 45.01% indicates the stock is a holding.

How much short interest is there in Dave & Buster’s Entertainment Inc.?

A steep rise in short interest was recorded in Dave & Buster’s Entertainment Inc. stocks on Jul 14, 2022, growing by 0.64 million shares to a total of 6.34 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.7 million shares. There was a rise of 10.09%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.56.

Dave & Buster’s Entertainment Inc. [PLAY] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,928,258 shares, or roughly 12.29% of the outstanding PLAY shares. In other words, the investor’s shares have fallen by -35,621 from its previous 13-F filing of 5963879.0. Additionally, Hill Path Capital LP increased 5.98% of its stake after which the total value it holdings stand at $165,017,664, while The Vanguard Group, Inc. reduced -2.50% of its stake to hold $153.41 million in the firm. Over the last quarter, Nomura Securities Co., Ltd. purchased 2,290,495 shares of Dave & Buster’s Entertainment Inc., while American Century Investment Manag bought 322,260 shares. At present, SSgA Funds Management, Inc. is holding 1,428,262 shares valued at $44.32 million. Marshall Wace LLP owned 1,317,871 shares of the company at the time of its most recent 13F filing, worth $40.89 million.

According to FactSet, Dave & Buster’s Entertainment Inc.’s share price will average $52.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 47.77 percent from its previous closing price of $37.22. Analysts expect Dave & Buster’s Entertainment Inc. stock to reach the higher price of $66.00, while the lowest price estimate is $34.00. The most recent change occurred on September 10, 2021 when Wells Fargo resumed its ‘”an Underweight”‘ rating for the stock and retained the price target to $40.

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