Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) was the target of a large drop in short interest in July. As of July 31st, there was short interest totalling 6,007,200 shares, a drop of 7.5% from the June 30th total of 6,494,500 shares. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is currently 4.4 days. Approximately 15.7% of the company’s stock are sold short.

Shares of PLAY traded up $1.29 during mid-day trading on Thursday, hitting $38.63. 1,610,100 shares of the company’s stock traded hands, compared to its average volume of 1,093,996. The company has a quick ratio of 0.17, a current ratio of 0.28 and a debt-to-equity ratio of 4.17. Dave & Buster’s Entertainment has a 1 year low of $37.21 and a 1 year high of $67.05. The firm has a market capitalization of $1.39 billion, a P/E ratio of 13.18, a PEG ratio of 0.87 and a beta of 0.88. The business’s 50-day moving average price is $39.99 and its 200-day moving average price is $47.72.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly 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 firm had revenue of $363.58 million during the quarter, compared to analysts’ expectations of $371.72 million. Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. Dave & Buster’s Entertainment’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share. Sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.96 earnings per share for the current fiscal year.

PLAY has been the subject of a number of recent research reports. Jefferies Financial Group downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the stock from $56.00 to $40.00 in a research report on Tuesday, July 2nd. Deutsche Bank initiated coverage on Dave & Buster’s Entertainment in a research report on Friday, June 28th. They issued a “hold” rating and a $42.00 price objective for the company. Wells Fargo & Co downgraded Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating and set a $48.00 price objective for the company. in a research report on Tuesday, June 11th. BMO Capital Markets lowered their price objective on Dave & Buster’s Entertainment to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Finally, Loop Capital reduced their target price on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, June 12th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $54.14.

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $39.94, for a total transaction of $299,550.00. Following the completion of the transaction, the senior vice president now owns 21,319 shares of the company’s stock, valued at approximately $851,480.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Griffith bought 5,000 shares of Dave & Buster’s Entertainment stock in a transaction on Tuesday, July 2nd. The shares were bought at an average cost of $39.32 per share, with a total value of $196,600.00. Following the acquisition, the director now directly owns 16,327 shares in the company, valued at $641,977.64. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its stake in Dave & Buster’s Entertainment by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock worth $750,000 after purchasing an additional 272 shares during the period. Mason Street Advisors LLC grew its stake in Dave & Buster’s Entertainment by 2.9% in the first quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock worth $619,000 after purchasing an additional 352 shares during the period. Piedmont Investment Advisors Inc. grew its stake in Dave & Buster’s Entertainment by 4.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock worth $484,000 after purchasing an additional 441 shares during the period. Aperio Group LLC grew its stake in Dave & Buster’s Entertainment by 11.1% in the second quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 457 shares during the period. Finally, State of Tennessee Treasury Department boosted its holdings in Dave & Buster’s Entertainment by 0.6% in the first quarter. State of Tennessee Treasury Department now owns 114,135 shares of the restaurant operator’s stock worth $5,691,000 after acquiring an additional 637 shares in the last quarter.

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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