Dave & Buster’s Entertainment Inc (PLAY) – Don’t Be So Quick to Call it Dead

Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) is 7.80% higher on its value in year-to-date trading and has touched a low of $31.65 and a high of $55.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PLAY stock was last observed hovering at around $54.27 in the last trading session, with the day’s gains setting it 3.78%.

Currently trading at $58.05, the stock is 12.39% and 16.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing 6.97% at the moment leaves the stock 40.89% off its SMA200. PLAY registered 29.49% gain for a year compared to 6-month gain of 39.64%. The firm has a 50-day simple moving average (SMA 50) of $2.40 and a 200-day simple moving average (SMA200) of $11.00.

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The stock witnessed a 16.66% loss in the last 1 month and extending the period to 3 months gives it a 59.61%, and is 6.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.65% over the week and 3.45% over the month.

Dave & Buster’s Entertainment Inc (PLAY) has around 22748 employees, a market worth around $2.33B and $2.17B in sales. Current P/E ratio is 21.36 and Fwd P/E is 13.13. Profit margin for the company is 5.99%. Distance from 52-week low is 83.41% and 3.70% from its 52-week high. The company has generated returns on investments over the last 12 months (4.22%).

Dave & Buster’s Entertainment Inc quarterly earnings per share for the current quarter are estimated at $1.16 with sales reaching $606.96M over the same period.The EPS is expected to grow by 15.18% this year, but quarterly earnings will post 12.70% year-over-year. Quarterly sales are estimated to grow 7.70% in year-over-year returns.

295 institutions hold shares in Dave & Buster’s Entertainment Inc (PLAY), with institutional investors hold 113.78% of the company’s shares. The shares outstanding are 48.41M, and float is at 39.50M with Short Float at 13.32%. Institutions hold 111.45% of the Float.

The top institutional shareholder in the company is Hill Path Capital, LP with over 7.12 million shares valued at $317.23 million. The investor’s holdings represent 16.58% of the PLAY Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.28 million shares valued at $279.75 million to account for 14.62% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 4.37 million shares representing 10.17% and valued at over $194.55 million, while Nomura Holdings Inc. holds 5.70% of the shares totaling 2.45 million with a market value of $109.13 million.

Dave & Buster’s Entertainment Inc (PLAY) Insider Activity

A total of 12 insider transactions have happened at Dave & Buster’s Entertainment Inc (PLAY) in the last six months, with sales accounting for 9 and purchases happening 3 times. The most recent transaction is an insider sale by Mulleady John, the company’s SVP, RE & Dev. SEC filings show that Mulleady John sold 7,500 shares of the company’s common stock on Jan 16 at a price of $48.25 per share for a total of $0.36 million. Following the sale, the insider now owns 57132.0 shares.

Dave & Buster’s Entertainment Inc disclosed in a document filed with the SEC on Sep 15 that Mulleady John (SVP, RE & Dev) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Sep 15 and was made at $36.40 per share for $0.27 million. Following the transaction, the insider now directly holds 68312.0 shares of the PLAY stock.

Still, SEC filings show that on Sep 12, Griffith Michael J (Director) disposed off 6,470 shares at an average price of $35.23 for $0.23 million. The insider now directly holds 33,546 shares of Dave & Buster’s Entertainment Inc (PLAY).

Dave & Buster’s Entertainment Inc (PLAY): Who are the competitors?

One of the company’s main competitors (and peers) include Mondelez International Inc. Cl A (MDLZ) that is trading 14.14% up over the past 12 months.TreeHouse Foods Inc. (THS) lies in the list of competitors of the Dave & Buster’s Entertainment Inc and is -9.53% lower over the same period from PLAYNathan’s Famous Inc. (NATH) is -14.83% down on the 1-year trading charts.