In the past week, PLAY stock has gone up by 15.18%, with a monthly gain of 15.54% and a quarterly plunge of -6.46%. The volatility ratio for the week is 5.02%, and the volatility levels for the last 30 days are 4.23% for Dave & Buster’s Entertainment Inc. The simple moving average for the past 20 days is 10.21% for PLAY’s stock, with a -21.33% simple moving average for the past 200 days.
Is It Worth Investing in Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) Right Now?
Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) has a higher price-to-earnings ratio of 13.44x compared to its average ratio, The 36-month beta value for PLAY is at 2.15. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 4 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PLAY is 38.46M, and currently, shorts hold a 15.65% of that float. The average trading volume for PLAY on October 17, 2024 was 1.28M shares.
PLAY) stock’s latest price update
The stock price of Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) has jumped by 4.16 compared to previous close of 35.33. Despite this, the company has seen a gain of 15.18% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-11 that Dave & Buster’s is undergoing a turnaround plan, with potential for a 50%+ stock price increase within 1-2 years. Key initiatives include store remodeling, digital marketing, and gradual price increases, aimed at boosting customer visits and comparable sales. The company’s unit growth and cost controls have helped counter comp decline while the management stays focused on its business plan.
Analysts’ Opinion of PLAY
Piper Sandler, on the other hand, stated in their research note that they expect to see PLAY reach a price target of $71, previously predicting the price at $50. The rating they have provided for PLAY stocks is “Neutral” according to the report published on April 04th, 2024.
PLAY Trading at 13.94% 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 -47.29% of loss for the given period.
Volatility was left at 4.23%, however, over the last 30 days, the volatility rate increased by 5.02%, as shares surge +14.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.83% upper at present.
During the last 5 trading sessions, PLAY rose by +15.18%, which changed the moving average for the period of 200-days by -31.66% in comparison to the 20-day moving average, which settled at $33.39. In addition, Dave & Buster’s Entertainment Inc saw -31.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLAY starting from MORRIS CHRISTOPHER DANIEL, who purchase 14,912 shares at the price of $33.67 back on Oct 07 ’24. After this action, MORRIS CHRISTOPHER DANIEL now owns 83,847 shares of Dave & Buster’s Entertainment Inc, valued at $502,162 using the latest closing price.
Steve Klohn, the Officer of Dave & Buster’s Entertainment Inc, proposed sale 14,287 shares at $31.10 during a trade that took place back on Sep 12 ’24, which means that Steve Klohn is holding shares at $444,299 based on the most recent closing price.
Stock Fundamentals for PLAY
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.58 for the gross margin
The net margin for Dave & Buster’s Entertainment Inc stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 37.64, with 2.98 for asset returns.
Based on Dave & Buster’s Entertainment Inc (PLAY), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 10.39. The interest coverage ratio of the stock is 2.44.
Currently, EBITDA for the company is 544.6 million with net debt to EBITDA at 5.65. When we switch over and look at the enterprise to sales, we see a ratio of 1.98. The receivables turnover for the company is 106.31for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.24.
Conclusion
In conclusion, Dave & Buster’s Entertainment Inc (PLAY) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
