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Dave & Buster’s Entertainment Inc (PLAY) rating initates by The Benchmark Company

Dave & Buster’s Entertainment Inc’s recent filing unveils that its Former Officer Klohn Steve acquired Company’s shares for reported $0.29 million on Oct 29 ’24. In the deal valued at $40.14 per share,7,134 shares were bought.

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Then, MORRIS CHRISTOPHER DANIEL bought 14,912 shares, generating $502,162 in total proceeds. Upon buying the shares at $33.67, the Chief Executive Officer now owns 83,847 shares.

Before that, Steve Klohn bought 14,287 shares. Dave & Buster’s Entertainment Inc shares valued at $444,299 were divested by the Officer at a price of $31.10 per share.

The Benchmark Company initiated its Dave & Buster’s Entertainment Inc [PLAY] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early April from “an Overweight” to “a Neutral”. Raymond James also remained covering PLAY and has decreased its forecast on March 25, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on September 07, 2023. It rated PLAY as “an Outperform” which previously was an “a Strong buy”.

Price Performance Review of PLAY

On Monday, Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] saw its stock fall -3.96% to $35.39. Over the last five days, the stock has lost -9.26%. Dave & Buster’s Entertainment Inc shares have fallen nearly -34.28% since the year began. Nevertheless, the stocks have fallen -22.56% over the past one year. While a 52-week high of $69.82 was reached on 04/03/24, a 52-week low of $29.31 was recorded on 09/11/24. SMA at 50 days reached $36.57, while 200 days put it at $43.71.

Levels Of Support And Resistance For PLAY Stock

The 24-hour chart illustrates a support level at 34.70, which if violated will result in even more drops to 34.02. On the upside, there is a resistance level at 36.71. A further resistance level may holdings at 38.04. The Relative Strength Index (RSI) on the 14-day chart is 43.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.19%. Stochastics %K at 48.22% 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 2024-11-15, dropping by -1.31 million shares to a total of 6.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.63 million shares. There was a decline of -20.76%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 18, 2023 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $56 price target.

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