The Vanguard Group, Inc. has recently announced that it has increased stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.12%. After grabbing 4.38 million shares, the institutional investor is now in possession of 0.13 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 10.20% having worth around $153.09 million. Moreover, Eminence Capital LP increased its share by 2.79 million to have a control over 3.64 million shares. And Nomura Securities Co., Ltd. raised its holdings to 43621.0 shares by acquiring 2.49 million shares or 5.80% of the stake.
Dave & Buster’s Entertainment Inc (PLAY) concluded trading on 12/06/23 at a closing price of $43.77, with 4.59 million shares of worth about $200.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.67% during that period and on Wednesday the price saw a gain of about 4.41%. Currently the company’s common shares owned by public are about 48.41M shares, out of which, 42.23M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the PLAY stock and their offered price forecasts bring an average price target of $52.88. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $65.00 and could fall to a lowest price of $43.00. The stock’s current price level is 15.01% above of average price target set by the analysts, while a rise to estimated low would result in loss of -1.79% for the stock. However, touching the estimated high of $65.00 would mean a gain of 32.66% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 135 times over the past 12 months. They bought 2,604,701 shares in 111 of the transactions. In 24 selling transactions, insiders dumped 159,017 shares.
iShares Core S&P Small Cap ETF, American Century Small Cap Value, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Dave & Buster’s Entertainment Inc iShares Core S&P Small Cap ETF is currently holding 2.31 million shares of worth totaling $80.71 million. The company recently came selling 9954.0 shares which brought its stake up to 5.38% of the company’s outstanding shares. American Century Small Cap Value bought 0.12 million shares, after which its hold over company’s outstanding shares expand to 3.73%, leaving 1.6 million shares with the mutual fund that have a worth of about $55.9 million. Vanguard Total Stock Market ETF, after buying 1.08 million shares, have now control over 2.51% of the stake in the company. It holds 2606.0 shares of worth $37.72 million.
Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) started trading at $42.90, above $0.98 from concluding price of the previous day. Stock saw a price change of 7.38% in past 5 days and over the past one month there was a price change of 21.58%. Year-to-date (YTD), PLAY shares are showing a performance of 23.50% which increased to 17.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.65 but also hit the highest price of $47.29 during that period. The average intraday trading volume for Dave & Buster’s Entertainment Inc shares is 1.05 million. The stock is currently trading 12.82% above its 20-day simple moving average (SMA20), while that difference is up 19.05% for SMA50 and it goes to 14.91% higher than SMA200.
The Vanguard Group, Inc. acquired 4.38 million shares of Dave & Buster’s Entertainment Inc having value of about $153.09 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.13 million shares in the company valued at close to $5795629.47, or have control over 3.12% stake in the company. Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) currently have 48.41M outstanding shares and institutions hold larger chunk of about 103.42% of that. Holding of mutual funds in the company is about 40.07% while other institutional holders and individual stake holders have control over 63.51% and 29.48% of the stake respectively.
The stock has a current market capitalization of $1.88B and its 3Y-monthly beta is at 2.02. PE ratio of stock for trailing 12 months is 16.11, while it has posted earnings per share of $2.72 in the same period. Its PEG reads 2.74 and has Quick Ratio of 0.27 while making debt-to-equity ratio of 13.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PLAY, volatility over the week remained 5.44% while standing at 3.62% over the month.
Analysts are in expectations that Dave & Buster’s Entertainment Inc (PLAY) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is $1.08 and it is $4.18 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.29 which is $0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 13.30% while it is estimated to increase by 39.40% in next year. EPS is likely to grow at an annualized rate of 5.88% for next 5-years, compared to annual growth of -0.36% made by the stock over the past 5-years.
Analysts at 9 brokerage firms have issued recommendations for the Dave & Buster’s Entertainment Inc (PLAY)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.33. Out of those 9 Wall Street analysts, 7 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on September 07, 2023 offering an Outperform rating for the stock and assigned a target price range of between $60 and $55 to it.
