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Tuesday, December 5, 2023

Is Dave & Buster’s Entertainment Inc (NASDAQ: PLAY) Still On The Rise?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Dave & Buster’s Entertainment Inc (PLAY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.39, or 1.12%, to $35.27. The Dave & Buster’s Entertainment Inc has recorded 9,103 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Dave & Buster’s Reports Record Second Quarter 2023 Financial Results; Company Increases Remaining Share Repurchase Program Authorization to $200 Million.

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Stocks Info

As a NASDAQ listed company, PLAY falls under the Communication Services sector while operating within the Entertainment industry segment. The current market capitalization of Dave & Buster’s Entertainment Inc is $1.50B. A total of 0.6 million shares were traded on the day, compared to an average of 1.06M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PLAY has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 7,500 and the disposition of 13,970 shares. Over the last 12 months, there were 110 BUYs and 17 SELLs from insiders. Insiders purchased 2,504,701 shares during that period but sold 53,397.

In the most recent transaction, Mulleady John sold 7,500 shares of PLAY for 36.40 per share on Sep 15. After the transaction, the SVP, RE & Dev now owns 68,312 company shares. In a previous transaction on Sep 12, Griffith Michael J sold 6,470 shares at 35.23 per share. PLAY shares that Director owns now total 33,546.

Among the insiders who sold shares, Mulleady John disposed of 7,500 shares on Jun 15 at a per-share price of $43.31. This resulted in the SVP, RE & Dev holding 68,312 shares of PLAY after the transaction. In another insider transaction, Pineiro Antonio bought 500 shares at $34.90 per share on Apr 13. Company shares held by the SVP, Chief Int’l Dev Ofc now total 23,812.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PLAY in the last 3 months, the mean price target is $51.25 with high estimates of $57.00 and low estimates of $43.00. In terms of 52-week highs and lows, PLAY has a high of $47.29 and a low of $31.65.

As of this writing, PLAY has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.07 per share and a lower estimate of -$0.3. The company reported an EPS of $1.45 in the last quarter, which was 16.90% higher than expectations of $1.24.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. PLAY’s latest balance sheet shows that the firm has $25.91M in Cash & Short Term Investments as of fiscal 2022. There were $1.71B in debt and $311.51M in liabilities at the time. Its Book Value Per Share was $7.32, while its Total Shareholder’s Equity was $275.46M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PLAY is Buy with a score of 4.57.

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