As of Friday close, Dave & Buster’s Entertainment Inc.’s (NASDAQ:PLAY) stock was up $0.42, moving up 1.18 percent to $35.95. The average number of shares traded per day over the past five days has been 1,275,940 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.62 fall in that time frame. In the last twenty days, the average volume was 1,690,410, while in the previous 50 days, it was 1,201,914.
Since last month, PLAY stock retreated -10.06%. Shares of the company fell to $34.34 on 09/11/23, the lowest level in the past month. A 52-week high of $47.29 was reached on 06/13/23 after having rallying from a 52-week low of $30.36. Since the beginning of this year, PLAY’s stock price has risen by 1.44% or $0.51, and marked a new high 14 times. However, the stock has declined by -23.98% since its 52-week high.
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PLAY stock investors should be aware that Dave & Buster’s Entertainment Inc. (PLAY) stock had its last reported insider trading activity 8 days ago on Sep 15. Mulleady John, the SVP, RE & Dev of the company, disposed of 7,500 shares for $36.40 on Sep 15. It resulted in a $273,000 divestment by the insider. Griffith Michael J sold 6,470 shares at an average price of $35.23 on Sep 12. The insider now owns 33,546 shares following the transaction. On Jun 15, SVP, RE & Dev Mulleady John sold 7,500 shares at $43.31 apiece. The transaction was valued at $324,811.
Valuation Metrics
Right now, Dave & Buster’s Entertainment Inc. (PLAY) has a P/E ratio of about 12.49. The stock’s beta is 2.02. Besides these, the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 4.92, and the price-to-cash flow ratio of 11.05 may also be considered.
The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16.
Financial Health
In the three months ended July 30, Dave & Buster’s Entertainment Inc.’s quick ratio stood at 0.40, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 4.07, and the total debt-to-equity ratio was 4.10. On the profitability front, the trailing twelve-month gross margin is 84.60% percent. In the year ended July 30, EBITDA margin amounted to 24.15%, whereas operating margins totaled 13.50%. Based on annual data, PLAY earned $1.66 billion in gross profit and brought in $1.96 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.70%. Return on equity (ROE) for the past 12 months was 37.90%.
In Dave & Buster’s Entertainment Inc.’s quarter-end financial report for July 30, it reported total debt of $1.28 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PLAY’s revenue rose 13.6% to $597.3 million during the quarter, while net income inched up to $542.1 million. While analysts expected Dave & Buster’s Entertainment Inc. to report $0.93 quarterly earnings, the actual figure was $0.6 per share, beating the consensus estimate by -35.50%. During the quarter, the company generated $126.2 million in EBITDA. The liabilities of Dave & Buster’s Entertainment Inc. were 3.42 billion at the end of its most recent quarter ended July 30, and its total debt was $2.94 billion. The value of shareholders’ equity is $42.95 million.
Technical Picture
This quick technical analysis looks at Dave & Buster’s Entertainment Inc.’s (PLAY) price momentum. With a historical volatility rate of 28.91%, the RSI 9-day stood at 40.18% on 22 September.
With respect to its five-day moving average, the current Dave & Buster’s Entertainment Inc. price is down by -1.70% percent or -$0.62. At present, PLAY shares trade -7.39% below its 20-day simple moving average and +1.18% percent above its 100-day simple moving average. However, the stock is currently trading approximately -21.27% below its SMA50 and -3.46% below its SMA200.
Stochastic coefficient K was 29.42% and Stochastic coefficient D was 31.90%, while ATR was 1.10. Given the Stochastic reading of 30.15% for the 14-day period, the RSI (14) reading has been calculated as 38.05%. As of today, the MACD Oscillator reading stands at 0.02, while the 14-day reading stands at 0.03.
Analyst Ratings
Dave & Buster’s Entertainment Inc. downgraded its rating on Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) to an Outperform in a note to investors on September 07, 2023. The analysts firm previously had a Strong buy rating on the stock.Dave & Buster’s Entertainment Inc. (PLAY) has been rated Buy by analysts. According to 0 brokerage firms, PLAY is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Dave & Buster’s Entertainment Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $55.00, the current consensus forecast for the stock is $43.00 – $57.00. Based on these forecasts, analysts predict Dave & Buster’s Entertainment Inc. (PLAY) will achieve an average price target of $52.50.
