Stock Traders Buy High Volume of Call Options on Dave & Buster’s Entertainment (NASDAQ:PLAY)

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) saw unusually large options trading on Monday. Stock traders acquired 11,361 call options on the stock. This represents an increase of 345% compared to the average volume of 2,551 call options.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in Dave & Buster’s Entertainment in the second quarter worth approximately $25,000. Advisory Services Network LLC bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth approximately $27,000. Legal & General Group Plc acquired a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its position in shares of Dave & Buster’s Entertainment by 616.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,671 shares during the period. Finally, Persistent Asset Partners Ltd bought a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at $33,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Trading Up 2.5%

PLAY traded up $0.20 during trading on Monday, reaching $8.34. 1,575,985 shares of the stock traded hands, compared to its average volume of 1,568,550. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 15.01. The stock’s 50-day moving average is $9.91 and its 200 day moving average is $11.43. Dave & Buster’s Entertainment has a 12 month low of $7.94 and a 12 month high of $24.99. The stock has a market capitalization of $290.21 million, a PE ratio of -4.41 and a beta of 1.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). The business had revenue of $559.20 million during the quarter, compared to the consensus estimate of $580.60 million. Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The business’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.76 earnings per share. Equities analysts anticipate that Dave & Buster’s Entertainment will post -1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Friday, July 17th. Citizens Jmp started coverage on shares of Dave & Buster’s Entertainment in a report on Monday, June 29th. They set a “market perform” rating on the stock. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 16th. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, UBS Group cut their target price on Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus price target of $19.33.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.