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

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Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) saw some unusual options trading activity on Tuesday. Stock traders acquired 9,089 call options on the stock. This represents an increase of approximately 1,859% compared to the typical volume of 464 call options.

In other news, SVP J Michael Plunkett sold 4,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $50.36, for a total value of $201,440.00. Following the completion of the sale, the senior vice president now owns 4,001 shares in the company, valued at approximately $201,490.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen M. King sold 10,935 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $54.69, for a total transaction of $598,035.15. Following the completion of the transaction, the director now directly owns 43,186 shares in the company, valued at $2,361,842.34. The disclosure for this sale can be found here. Insiders sold a total of 40,635 shares of company stock valued at $2,185,020 in the last quarter. 3.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the business. Stormborn Capital Management LLC purchased a new stake in Dave & Buster’s Entertainment in the first quarter valued at about $86,000. Valeo Financial Advisors LLC acquired a new stake in Dave & Buster’s Entertainment during the first quarter worth $55,000. Advisor Group Inc. increased its stake in Dave & Buster’s Entertainment by 14.1% during the first quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock worth $129,000 after acquiring an additional 320 shares during the last quarter. Quantamental Technologies LLC grew its stake in Dave & Buster’s Entertainment by 57.5% during the 1st quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock worth $148,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Buffington Mohr McNeal purchased a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter valued at about $155,000.

NASDAQ:PLAY opened at $51.53 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.37. Dave & Buster’s Entertainment has a 1 year low of $42.78 and a 1 year high of $67.05. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.08 and a beta of 1.12.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). The company had revenue of $363.58 million for the quarter, compared to the consensus estimate of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. On average, equities analysts expect that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. SunTrust Banks decreased their price objective on shares of Dave & Buster’s Entertainment to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. BMO Capital Markets reiterated an “outperform” rating and set a $66.00 price target (up from $62.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, April 3rd. Maxim Group increased their price target on shares of Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Co increased their price objective on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $65.00.

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Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

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