.jpg "A Director at Dave & Busters Entertainment (NASDAQ: PLAY) is Buying Shares")
Today, a Director at Dave & Busters Entertainment (NASDAQ: PLAY), Stephen King, bought shares of PLAY for $183.8K.
This recent transaction increases Stephen King’s holding in the company by 100% to a total of $1.97 million. Following Stephen King’s last PLAY Buy transaction on June 19, 2018, the stock climbed by 7.0%.
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Based on Dave & Busters Entertainment’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $319 million and quarterly net profit of $33.78 million. In comparison, last year the company earned revenue of $281 million and had a net profit of $30.36 million. PLAY’s market cap is $2.43B and the company has a P/E ratio of 20.35. Currently, Dave & Busters Entertainment has an average volume of 1.13M.
Starting in October 2017, PLAY received 62 Buy ratings in a row. Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $70.17, reflecting a 13.7% upside. Seven different firms, including SunTrust Robinson and Maxim Group, currently also have a Buy rating on the stock.
The insider sentiment on Dave & Busters Entertainment has been positive according to 52 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Stephen King’s trades have generated a -10.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Dave & Buster’s Entertainment, Inc. is an owner and operator of entertainment and dining venues under the name Dave & Buster’s. Its concept is to offer its customers the opportunity to Eat Drink Play all in one location, through a full menu of casual dining food items and a full selection of non-alcoholic and alcoholic beverage items together with an extensive assortment of entertainment attractions, including skill and sports-oriented redemption games, video games, interactive simulators and other traditional games. The company was founded by David O. Corriveau and James W. Corley in 1982 and is headquartered in Dallas, TX.
