In a recent transaction, Kevin M. Sheehan, a director at Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY), sold a significant amount of the company's stock. The sale, which occurred on April 4, 2024, involved 75,000 shares of common stock, totaling over $4.9 million. The shares were sold at a weighted average price between $65.7151 and $65.7152, with the price range for the multiple transactions being $65.00 to $68.58.
The transaction was disclosed in a filing with the Securities and Exchange Commission, which detailed that the sales were conducted in multiple transactions at various prices. Sheehan, who serves on the board of directors for the entertainment and dining venue operator, sold 25,000 shares directly and another 50,000 shares through a family-owned LLC, indicating indirect ownership.
Following the sale, Sheehan still owns 102,277 shares of Dave & Buster's directly. The remaining 50,000 shares sold were owned indirectly through the family-owned LLC. The transactions represent a notable change in Sheehan's holdings in the company, although the reasons for the sale were not disclosed in the filing.
Investors and followers of Dave & Buster's will likely keep an eye on the company's stock performance and any further transactions by its directors or significant shareholders. Dave & Buster's Entertainment, Inc. is known for its combination of entertainment and dining, offering customers a place to play games and enjoy a meal or drinks.
The recent filings provide transparency into the actions of the company's insiders, offering a glimpse into their investment decisions. The sale by Sheehan is a significant transaction within Dave & Buster's stock activity and could be of interest to those tracking insider trading patterns.
InvestingPro Insights
Analyzing the recent insider sale at Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY), investors might be curious about the company's current financial health and market performance. According to the latest data from InvestingPro, Dave & Buster's has a market capitalization of $2.6 billion, indicating a solid size within its sector. The company's P/E ratio stands at 21.95, suggesting that investors are willing to pay a higher price for earnings, potentially reflecting optimism about future growth or the company's market position.
One of the key InvestingPro Tips for Dave & Buster's is that management has been aggressively buying back shares, which could signal confidence in the company's future prospects and a commitment to increasing shareholder value. Additionally, the company has experienced a high return over the last year with a 94.62% price total return, which might attract investors looking for growth in their portfolio.
On the financial side, Dave & Buster's has shown a robust revenue growth of 12.26% over the last twelve months as of Q4 2023. The company's gross profit margin stands at a healthy 29.75%, reflecting its ability to retain a significant portion of sales as profit after accounting for the cost of goods sold. Moreover, the operating income margin is reported at 14.41%, providing insights into the company's operational efficiency.
For investors interested in a deeper dive into Dave & Buster's financials and market performance, there are additional InvestingPro Tips available on their platform. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to a wealth of financial analysis and market data to inform your investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.