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.
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.
COPYRIGHT VIOLATION NOTICE: “Stock Traders Buy High Volume of Call Options on Dave & Buster’s Entertainment (NASDAQ:PLAY)” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/4369033/stock-traders-buy-high-volume-of-call-options-on-dave-busters-entertainment-nasdaqplay.html.
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 entrÃ©es 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.
Featured Story: How can you know how many shares are floating?
Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.