Hill Path Capital LP recently announced the acquisition of new stake in Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY). The institutional investor has increased its shareholding in the Communication Services company by 41.87% to 7.12 million shares with purchase of 2.1 million shares. This fresh investment now brings its stake to 14.71% valued currently at $252.45 million. In addition, BlackRock Fund Advisors raised its holdings by 0.12 million to 6.38 million shares. And American Century Investment Manag has lifted its position by 6.38% or 0.15 million shares – to 2.46 million shares.
With over 1.62 million Dave & Buster’s Entertainment Inc. (PLAY) shares trading Monday and a closing price of $33.57 on the day, the dollar volume was approximately $54.36 million. The shares have shown a negative half year performance of -14.80% and its price on 05/22/23 lost nearly -2.70%. Currently, there are 48.32M common shares owned by the public and among those 41.97M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for PLAY have a consensus price objective of $51.00. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $38.00. The average price target is 34.66% above its recent price level and an upside to the estimated low will see the stock gain 11.66% over that period. But an upside of 44.05% will see the stock hit the forecast high price target while median target price for the stock is $55.00.
Insiders at the company have transacted a total of 158 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 146 of these insider trades were purchases, accounting for 4,463,617 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 19,066 shares.
The top 3 mutual fund holders in Dave & Buster’s Entertainment Inc. are iShares Core S&P Small Cap ETF, American Century Small Cap Value, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 3.04 million shares of the company’s stock, all valued at over $107.89 million. The company sold 4403.0 shares recently to bring their total holdings to about 6.28% of the shares outstanding. American Century Small Cap Value bought 0.12 million shares to see its total holdings expand to 1.67 million shares valued at over $59.22 million and representing 3.45% of the shares outstanding. Vanguard Total Stock Market ETF sold 56932.0 shares to bring its total holdings to over 1.2 million shares at a value of $42.5 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.48% of the shares outstanding.
Shares of Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) opened at $34.62, up $0.12 from a prior closing price of $34.50. However, the script later moved the day high at 34.80, down -2.70%. The company’s stock has a 5-day price change of -0.56% and -17.92% over the past three months. PLAY shares are trading -5.28% year to date (YTD), with the 12-month market performance down to -6.12% lower. It has a 12-month low price of $29.60 and touched a high of $45.51 over the same period. PLAY has an average intraday trading volume of 1.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.77%, -4.20%, and -10.90% respectively.
Institutional ownership of Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) shares accounts for 107.32% of the company’s 48.32M shares outstanding. Mutual fund holders own 41.25%, while other institutional holders and individual stakeholders account for 69.99% and 26.18% respectively.
It has a market capitalization of $1.56B and a beta (3y monthly) value of 1.92. The stock’s trailing 12-month PE ratio is 12.08, while the earnings-per-share (ttm) stands at $2.78. The company has a PEG of 2.05 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 3.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.76% over the week and 3.89% over the month.
Analysts forecast that Dave & Buster’s Entertainment Inc. (PLAY) will achieve an EPS of $1.24 for the current quarter, $0.86 for the next quarter and $3.88 for 2025. The lowest estimate earnings-per-share for the quarter is $0.89 while analysts give the company a high EPS estimate of $1.4. Comparatively, EPS for the current quarter was $1.35 a year ago. Earnings per share for the fiscal year are expected to increase by 26.50%, and 16.29% over the next financial year. EPS should grow at an annualized rate of 5.88% over the next five years, compared to 1.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Dave & Buster’s Entertainment Inc. (PLAY) as a “Strong Buy” at a consensus score of 1.80. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 2 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
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