In a recent transaction, Michael J. Griffith, a director of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY), sold 5,203 shares of the company's stock. The sale, executed on April 4th, 2024, was at a weighted average price of $65.57, resulting in a total sale value of over $341,000.
The shares were sold in multiple transactions with prices ranging from $65.56 to $65.645. Griffith has also acquired the same number of shares through the exercise of options at a price of $31.71 per share, amounting to a total transaction value of approximately $165,000.
Following these transactions, Griffith's direct holdings in Dave & Buster's Entertainment, Inc. have adjusted to 33,546 shares. Additionally, he has an indirect ownership of 17,948 shares through a trust.
Investors and followers of Dave & Buster's Entertainment, Inc. may be interested in these transactions as they reflect the trading activities of the company's insiders. The details provided offer transparency into the actions of company executives and directors, which can be an indicator of their perspective on the company's current valuation and future prospects.
InvestingPro Insights
As investors evaluate the recent insider transactions at Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY), it's essential to consider the company's current financial performance and market valuation. According to real-time data from InvestingPro, Dave & Buster's has a market capitalization of $2.62 billion and is trading at a P/E ratio of 22.05, which is a significant valuation metric to consider when assessing the company's stock price relative to its earnings. The company's revenue growth over the last twelve months as of Q4 2024 stands at 12.26%, indicating a solid increase in sales.
One InvestingPro Tip that stands out is the company's significant return over the last week, with a 9.09% price total return. This uptick in stock price may reflect investor confidence and market sentiment towards Dave & Buster's. Additionally, the company has demonstrated a strong return over the last year, with a 96.24% price total return, which could suggest a positive long-term investment outlook.
For those looking to delve deeper into the financials and forecasts for Dave & Buster's Entertainment, Inc., InvestingPro offers a wealth of additional tips. There are currently 13 more InvestingPro Tips available, which can provide further insights into the company's stock performance and financial health. Interested readers can explore these tips by visiting InvestingPro and can enjoy an extra 10% off a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24.
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