Dave & Buster’s Entertainment Inc (NASDAQ: PLAY)’s stock price has dropped by -1.59 in relation to previous closing price of 64.02. Nevertheless, the company has seen a gain of 1.76% in its stock price over the last five trading days. The Motley Fool reported 2024-04-03 that Dave & Buster’s just generated record revenue at a respectable profit margin. The company is aggressively buying back shares after diluting shareholders early in the pandemic.
Is It Worth Investing in Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) Right Now?
The price-to-earnings ratio for Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) is 22.52x, which is above its average ratio. Moreover, the 36-month beta value for PLAY is 2.06. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PLAY is 39.59M and currently, short sellers hold a 11.55% of that float. On April 10, 2024, PLAY’s average trading volume was 1.04M shares.
PLAY’s Market Performance
The stock of Dave & Buster’s Entertainment Inc (PLAY) has seen a 1.76% increase in the past week, with a -0.06% drop in the past month, and a 21.88% gain in the past quarter. The volatility ratio for the week is 4.34%, and the volatility levels for the past 30 days are at 3.45% for PLAY. The simple moving average for the last 20 days is 0.46% for PLAY’s stock, with a simple moving average of 35.32% for the last 200 days.
Analysts’ Opinion of PLAY
Many brokerage firms have already submitted their reports for PLAY stocks, with Piper Sandler repeating the rating for PLAY by listing it as a “Neutral.” The predicted price for PLAY in the upcoming period, according to Piper Sandler is $71 based on the research report published on April 04, 2024 of the current year 2024.
Raymond James gave a rating of “Outperform” to PLAY, setting the target price at $55 in the report published on September 07th of the previous year.
PLAY Trading at 4.08% from the 50-Day Moving Average
After a stumble in the market that brought PLAY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.77% of loss for the given period.
Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 4.34%, as shares surge +3.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.69% upper at present.
During the last 5 trading sessions, PLAY rose by +1.76%, which changed the moving average for the period of 200-days by +48.90% in comparison to the 20-day moving average, which settled at $62.80. In addition, Dave & Buster’s Entertainment Inc saw 16.99% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLAY starting from SHEEHAN KEVIN M, who sale 50,000 shares at the price of $65.72 back on Apr 04 ’24. After this action, SHEEHAN KEVIN M now owns 50,000 shares of Dave & Buster’s Entertainment Inc, valued at $3,285,755 using the latest closing price.
Mulleady John, the SVP, RE & Dev of Dave & Buster’s Entertainment Inc, sale 42,824 shares at $66.58 during a trade that took place back on Apr 04 ’24, which means that Mulleady John is holding 57,132 shares at $2,851,320 based on the most recent closing price.
Stock Fundamentals for PLAY
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.67 for the gross margin
The net margin for Dave & Buster’s Entertainment Inc stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 38.38, with 3.38 for asset returns.
Based on Dave & Buster’s Entertainment Inc (PLAY), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 5.4. The interest coverage ratio of the stock is 2.61.
Currently, EBITDA for the company is 544.6 million with net debt to EBITDA at 5.79. When we switch over and look at the enterprise to sales, we see a ratio of 2.49. The receivables turnover for the company is 49.23for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.32.
Conclusion
To wrap up, the performance of Dave & Buster’s Entertainment Inc (PLAY) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
