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Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) Chief Executive Officer Tarun Lal acquired 8,060 shares of common stock on July 22, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were purchased at a weighted average price of $31.2551, resulting in a total transaction value of $251,916.
The prices paid for the shares ranged from $30.93 to $31.51.
In addition, Mr. Lal was granted several stock options on July 15, 2025. These include two grants of 124,766 options each with an exercise price of $32.06, one grant of 83,177 options with an exercise price of $48.09, and another grant of 31,191 options with an exercise price of $32.06. All options expire on July 15, 2035. The vesting schedules for these options vary and are contingent upon continued employment and/or the achievement of certain stock price targets.
In other recent news, Dave & Buster’s reported first-quarter results that missed analyst expectations. The company posted adjusted earnings per share of $0.76, falling short of the consensus estimate of $1.01. Revenue for the quarter was $567.7 million, below the expected $573.25 million and a 3.5% decrease from the previous year’s $588.1 million. Texas Capital Securities initiated coverage on Dave & Buster’s with a Buy rating, setting a price target of $48.00, citing optimism about the company’s turnaround efforts under new management. Meanwhile, Truist Securities maintained a Hold rating with a $29.00 price target, pointing to competitive pressures as a significant challenge. Loop Capital reiterated its Buy rating with a $46.00 price target, highlighting "substantial EBITDA upside potential" and expressing confidence in the company’s "Back to Basics" initiative. Additionally, Dave & Buster’s announced the promotion of Les Lehner to Chief Development Officer, succeeding John Mulleady, who will retire in October 2025. These developments reflect ongoing strategic changes and analyst perspectives on the company’s future.
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