Analyzing Dave & Buster’s Entertainment Inc. (PLAY) After Recent Trading Activity

CHWY Stock
CHWY Stock

In a filing, Dave & Buster’s Entertainment Inc. revealed its SVP, RE & Dev Mulleady John unloaded Company’s shares for reported $0.32 million on Jun 15. In the deal valued at $43.31 per share,7,500 shares were sold. As a result of this transaction, Mulleady John now holds 68,312 shares worth roughly $ 2.59 million.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, Pineiro Antonio bought 500 shares, generating $17,450 in total proceeds. Upon buying the shares at $34.90, the SVP, Chief Int’l Dev Ofc now owns 23,812 shares.

Before that, Mulleady John sold 7,500 shares. Dave & Buster’s Entertainment Inc. shares valued at $262,500 were divested by the SVP, RE & Dev at a price of $35.00 per share. As a result of the transaction, Mulleady John now holds 78,777 shares, worth roughly $2.99 million.

Piper Sandler initiated its Dave & Buster’s Entertainment Inc. [PLAY] rating to an Overweight in a research note published on Tuesday, July 18, 2023; the price target was $56. PT values the company’s stock at a premium of 32.27 to its Tuesday closing price.

Price Performance Review of PLAY

On Tuesday, Dave & Buster’s Entertainment Inc. [NASDAQ:PLAY] saw its stock fall -4.46% to $37.93. On the same session, the stock had its day’s lowest price of $37.6601, but rose to a high of $39.68. Over the last five days, the stock has lost -3.14%. Dave & Buster’s Entertainment Inc. shares have risen nearly 7.03% since the year began. Nevertheless, the stocks have fallen -9.11% over the past one year. While a 52-week high of $47.29 was reached on 06/13/23, a 52-week low of $30.36 was recorded on 05/31/23. SMA at 50 days reached $42.90, while 200 days put it at $38.96. A total of 1.88 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For PLAY Stock

The 24-hour chart illustrates a support level at 37.17, which if violated will result in even more drops to 36.40. On the upside, there is a resistance level at 39.19. A further resistance level may holdings at 40.44. The Relative Strength Index (RSI) on the 14-day chart is 32.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.92%. Stochastics %K at 28.41% 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 Aug 14, 2023, growing by 0.14 million shares to a total of 4.62 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.48 million shares. There was a rise of 3.03%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.19% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.16.

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

In filings from Hill Path Capital LP, it is revealed that the company now owns 7,119,255 shares, or roughly 16.59% of the outstanding PLAY shares. Additionally, BlackRock Fund Advisors decreased -7.76% of its stake after which the total value it holdings stand at $269,594,464, while The Vanguard Group, Inc. reduced -3.33% of its stake to hold $194.61 million in the firm. At present, SSgA Funds Management, Inc. is holding 1,481,185 shares valued at $67.84 million. Dimensional Fund Advisors LP owned 1,152,814 shares of the company at the time of its most recent 13F filing, worth $52.8 million.

According to FactSet, Dave & Buster’s Entertainment Inc.’s share price will average $56.11 in the next year, based on opinions of analysts polled by the firm. This is up nearly 51.13 percent from its previous closing price of $39.70. Analysts expect Dave & Buster’s Entertainment Inc. stock to reach the higher price of $60.00, while the lowest price estimate is $40.00. However, 10 analysts have rated PLAY stock as a Buy in their predictions for 2023.


Please enter your comment!
Please enter your name here