Rachel Morgan Acquires Dave & Buster's Shares

Rachel Morgan, the Chief Legal Officer and Corporate Secretary of Dave & Buster's Entertainment, Inc. (NasdaqGS: PLAY), made a significant move on June 22, 2026. She purchased 122,249 shares of the company at an average price of $10.90 each, totaling approximately $1.33 million. This transaction was not part of a pre-scheduled trading plan.

Insider Buying and Selling at Dave & Buster's Entertainment, Inc.

Rachel Morgan wasn't the only insider active on June 22. Jeremy Tucker, the Chief Marketing Officer, also acquired shares on the same day. Tucker bought various tranches, including 213,936 shares at $10.90 and additional shares without a disclosed price, indicating strong insider interest in the company's stock.

Other Institutional Activity in Dave & Buster's

Several institutional investors have adjusted their positions in Dave & Buster's. BlackRock, Inc. reduced its holdings by 2,015,304 shares, ending with 2,152,823 shares valued at about $23.3 million, a 48.4% decrease. Meanwhile, Morgan Stanley increased its stake by 98,950 shares, reaching a total of 1,550,536 shares worth approximately $16.8 million, reflecting a 6.8% increase. Arrowstreet Capital, Limited Partnership also boosted its position by 468,174 shares, now holding 1,509,752 shares valued at roughly $16.4 million, a significant 44.9% rise.

Dave & Buster's Entertainment, Inc. Stock Up 28.6%

Shares of Dave & Buster's traded around $11.27 on Thursday. The company has a market cap of about $379.2 million. It currently has no meaningful P/E ratio since it isn't profitable, with a forward P/E of -19.86. The stock has a 52-week low of $9.61 and a high of $35.53, with a 50-day moving average of $11.92 and a 200-day moving average of $15.65. The company shows a current ratio of 0.29 and a high debt-to-equity ratio of 3579.22.

Recent Earnings

Dave & Buster's reported revenue of $2.09 billion, with a slight decline of 1.5% in revenue growth. The net margin stands at -3.1%, and return on equity is -52.5%, reflecting ongoing challenges. The company is expected to announce its next earnings on September 14, 2026.

Analysts Set New Price Targets

Analysts have mixed views on Dave & Buster's. On June 16, 2026, BMO Capital maintained a 'buy' rating with a price target of $22. UBS also maintained a 'hold' rating with a target of $12. The consensus among seven analysts is a 'buy' with an average target price of $17.

About Dave & Buster's Entertainment, Inc.

Dave & Buster's Entertainment, Inc. operates entertainment and dining venues across North America under the Dave & Buster's and Main Event brands. These venues offer a mix of food, drinks, and entertainment options, including arcade games, virtual reality, and live sports viewing. Founded in 1982, the company is headquartered in Coppell, Texas, and led by CEO Mr. Tarun Lal.

Bottom Line

Rachel Morgan's recent purchase of Dave & Buster's shares signals insider confidence in the company. Investors keep a close eye on such insider transactions, as they can provide insights into management's outlook. However, it's important to remember that these transactions are disclosed after they occur. Dave & Buster's continues to face financial challenges, as reflected in its recent earnings and analysts' mixed ratings.