Dave & Buster's Entertainment, Inc.
PLAY · Retail-Eating Places · 34.8M shares · +7%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $284M (gross $300M, SBC $16M)
Reference price $14.69 · est. market cap ~$511M — last insider sale, 2026-04-17 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
F39Leveraged entertainment-dining operator posting a net loss, falling comps and minimal liquidity despite strong store-level cash flow.
Strengths
- High 85.7% gross margin (90.9th pct) and OCF margin 75th pct
- Established Dave & Buster's/Main Event brands with national footprint
Risks
- Net loss ($48.7M), comparable sales -5%, net income growth -184% (8.3rd pct)
- Current ratio 0.29, quick ratio 0.19, cash runway ~0.7 quarters, negative FCF (-$100.6M)
- Extreme leverage (D/E 16.6x, 100th pct) and discretionary-spending exposure
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- High leverageHigh leverage (debt/equity 16.61)
- Net lossNet loss (net margin -2.3%)
- Cash burnNegative free cash flow (-100.6M)
- Weak liquidityCurrent ratio 0.29 (<1)
- Customer concentration~24% of revenue from one customer/distributor — 2, or 23
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
85.7%
Operating margin
4.1%
Net margin
-2.3%
Return on equity
-53.4%
Return on assets
-1.2%
ROIC
4.2%
Revenue growth (QoQ)
5.6%
Net-income growth
-183.5%
Debt / equity
16.6×
Net debt / EBITDA
4.1×
Current ratio
0.3×
Free cash flow
-$101M
EBITDA
$366M
Tangible book value
-$651M
Cash & investments
$17M
Cash runway
1q
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | Harper Darin | Tax withheld | 134 | $11.27 |
| 2026-06-24 | Harper Darin | Tax withheld | 1.0K | $11.27 |
| 2026-06-22 | Tucker Jeremy | Grant | 231K | — |
| 2026-06-22 | Morgan Rachel | Grant | 126K | — |
| 2026-06-08 | Klohn Steve | Tax withheld | 2.9K | $11.04 |
| 2026-06-02 | Fish Kevin | Grant | 41K | — |
| 2026-06-02 | Wehner Tony | Grant | 29K | — |
| 2026-06-02 | Lehner Les | Grant | 29K | — |
| 2026-06-02 | Pineiro Antonio | Grant | 29K | — |
| 2026-05-06 | Lipman Nathaniel | Grant | 759 | — |
| 2026-05-06 | SHEEHAN KEVIN M | Grant | 1.2K | — |
| 2026-05-06 | Weiss Allen R | Grant | 867 | — |
| 2026-05-06 | SHAH ATISH | Grant | 867 | — |
| 2026-05-06 | CHAMBERS JAMES P. | Grant | 976 | — |
| 2026-05-06 | Hill Path Capital Partners LP | Grant | 867 | — |
| 2026-05-06 | Hill Path D Fund LP | Grant | 867 | — |
| 2026-04-24 | Wehner Tony | Grant | 10K | — |
| 2026-04-24 | Wehner Tony | Tax withheld | 586 | $12.33 |
| 2026-04-24 | Hill Path D Fund LP | Grant | 11K | — |
| 2026-04-24 | Hill Path Capital Partners LP | Grant | 11K | — |
| 2026-04-24 | CHAMBERS JAMES P. | Grant | 11K | — |
| 2026-04-24 | Rodriguez Rodolfo Jr | Grant | 4.6K | — |
| 2026-04-24 | Rodriguez Rodolfo Jr | Tax withheld | 128 | $12.33 |
| 2026-04-24 | Lal Tarun | Grant | 38K | — |
| 2026-04-24 | Pineiro Antonio | Grant | 8.0K | — |
| 2026-04-24 | Pineiro Antonio | Tax withheld | 476 | $12.33 |
| 2026-04-24 | Harper Darin | Grant | 11K | — |
| 2026-04-24 | Harper Darin | Tax withheld | 245 | $12.33 |
| 2026-04-24 | Klohn Steve | Grant | 7.5K | — |
| 2026-04-24 | Klohn Steve | Tax withheld | 172 | $12.33 |
| 2026-04-24 | Lehner Les | Grant | 8.0K | — |
| 2026-04-24 | Lehner Les | Tax withheld | 364 | $12.33 |
| 2026-04-24 | SHEEHAN KEVIN M | Grant | 11K | — |
| 2026-04-24 | SHAH ATISH | Grant | 11K | — |
| 2026-04-24 | Lipman Nathaniel | Grant | 11K | — |
| 2026-04-24 | Weiss Allen R | Grant | 11K | — |
| 2026-04-17 | Klohn Steve | Sell | 7.0K | $14.69 |
| 2026-03-25 | Klohn Steve | Grant | 12K | — |
| 2026-03-10 | SHEEHAN KEVIN M | Gift | 39K | — |
| 2026-02-16 | Harper Darin | Grant | 27K | — |
| 2026-02-05 | SHEEHAN KEVIN M | Grant | 712 | — |
| 2026-02-05 | SHAH ATISH | Grant | 518 | — |
| 2026-02-05 | Hill Path D Fund LP | Grant | 518 | — |
| 2026-02-05 | Weiss Allen R | Grant | 518 | — |
| 2026-02-05 | CHAMBERS JAMES P. | Grant | 583 | — |
| 2026-02-05 | Hill Path Capital Partners LP | Grant | 518 | — |
| 2026-02-05 | Lipman Nathaniel | Grant | 453 | — |
| 2026-01-27 | Hill Path Capital Partners LP | Grant | 518 | — |
| 2026-01-27 | SHEEHAN KEVIN M | Grant | 712 | — |
| 2026-01-27 | CHAMBERS JAMES P. | Grant | 524 | — |
| 2026-01-27 | Lipman Nathaniel | Grant | 453 | — |
| 2026-01-27 | SHAH ATISH | Grant | 518 | — |
| 2026-01-27 | Weiss Allen R | Grant | 460 | — |
| 2026-01-27 | Hill Path D Fund LP | Grant | 518 | — |
| 2026-01-21 | Klohn Steve | Tax withheld | 438 | — |
| 2026-01-20 | SHEEHAN KEVIN M | Gift | 50K | — |
| 2026-01-16 | Rodriguez Rodolfo Jr | Buy | 730 | $20.10 |
| 2026-01-08 | Rodriguez Rodolfo Jr | Tax withheld | 424 | — |
| 2026-01-01 | Wehner Tony | Grant | 12K | — |
| 2025-12-22 | Lehner Les | Tax withheld | 993 | — |
| 2025-12-22 | Klohn Steve | Tax withheld | 1.1K | — |
| 2025-12-22 | Pineiro Antonio | Tax withheld | 1.1K | — |
| 2025-12-22 | Harper Darin | Tax withheld | 1.4K | — |
| 2025-12-22 | Wehner Tony | Tax withheld | 1.6K | — |
| 2025-10-21 | Lal Tarun | Buy | 1.0K | $18.39 |
| 2025-10-20 | SHEEHAN KEVIN M | Grant | 7.7K | — |
| 2025-10-07 | Pineiro Antonio | Grant | 11K | — |
| 2025-10-07 | Klohn Steve | Grant | 11K | — |
| 2025-10-07 | Lehner Les | Grant | 11K | — |
| 2025-10-07 | Wehner Tony | Grant | 11K | — |
| 2025-10-07 | Rodriguez Rodolfo Jr | Grant | 8.8K | — |
| 2025-10-07 | Harper Darin | Grant | 22K | — |
| 2025-10-07 | Pineiro Antonio | Tax withheld | 730 | — |
| 2025-10-07 | Lehner Les | Tax withheld | 730 | — |
| 2025-10-07 | Wehner Tony | Tax withheld | 730 | — |
| 2025-09-18 | Lal Tarun | Buy | 2.5K | $20.52 |
| 2025-08-15 | SHEEHAN KEVIN M | Tax withheld | 11K | $18.72 |
| 2025-08-15 | SHEEHAN KEVIN M | Grant | 27K | — |
| 2025-07-30 | SHEEHAN KEVIN M | Tax withheld | 22K | $30.51 |
| 2025-07-22 | Lal Tarun | Buy | 8.1K | $31.26 |
| 2025-06-27 | Mulleady John | Grant | 2.9K | — |
| 2025-06-27 | Wehner Tony | Grant | 2.9K | — |
| 2025-06-27 | Klohn Steve | Grant | 2.1K | — |
| 2025-06-27 | Harper Darin | Grant | 3.0K | — |
| 2025-06-27 | SHAH ATISH | Grant | 4.8K | — |
| 2025-06-27 | Kassem Humera | Grant | 1.2K | — |
| 2025-06-27 | Rodriguez Rodolfo Jr | Grant | 1.3K | — |
| 2025-06-27 | Lehner Les | Grant | 2.0K | — |
| 2025-06-27 | CHAMBERS JAMES P. | Grant | 4.8K | — |
| 2025-06-27 | Hill Path Capital Partners LP | Grant | 4.8K | — |
| 2025-06-27 | Hill Path D Fund LP | Grant | 4.8K | — |
| 2025-06-27 | Pineiro Antonio | Grant | 2.3K | — |
| 2025-06-27 | Lipman Nathaniel | Grant | 4.8K | — |
| 2025-06-27 | DODDS HAMISH | Grant | 4.8K | — |
| 2025-06-27 | Weiss Allen R | Grant | 4.8K | — |
| 2025-06-27 | Harper Darin | Grant | 3.0K | — |
| 2025-06-24 | Harper Darin | Tax withheld | 1.0K | $31.86 |
| 2025-06-24 | Harper Darin | Tax withheld | 134 | $31.86 |
| 2025-06-24 | Harper Darin | Tax withheld | 134 | $31.86 |
| 2025-06-24 | Harper Darin | Tax withheld | 1.0K | $3,186.00 |
| 2025-06-18 | Harper Darin | Grant | 17K | — |
| 2025-06-18 | Kassem Humera | Grant | 11K | — |
| 2025-06-18 | Klohn Steve | Grant | 22K | — |
| 2025-06-18 | Lehner Les | Grant | 12K | — |
| 2025-06-18 | Wehner Tony | Grant | 20K | — |
| 2025-06-18 | Mulleady John | Grant | 15K | — |
| 2025-06-18 | Pineiro Antonio | Grant | 14K | — |
| 2025-06-18 | SHEEHAN KEVIN M | Grant | 55K | — |
| 2025-06-18 | Rodriguez Rodolfo Jr | Grant | 8.7K | — |
| 2025-06-17 | Mulleady John | Sell | 5.9K | $32.79 |
| 2025-04-24 | SHEEHAN KEVIN M | Tax withheld | 6.9K | — |
| 2025-04-21 | Wehner Tony | Tax withheld | 905 | — |
| 2025-04-21 | Pineiro Antonio | Tax withheld | 1.4K | — |
| 2025-04-21 | Mulleady John | Tax withheld | 2.7K | — |
| 2025-04-21 | Lehner Les | Tax withheld | 1.0K | — |
| 2025-04-18 | Pineiro Antonio | Grant | 1.0K | — |
| 2025-04-18 | Pineiro Antonio | Tax withheld | 874 | $19.46 |
| 2025-04-18 | Pineiro Antonio | Grant | 2.9K | — |
| 2025-04-18 | Mulleady John | Tax withheld | 1.7K | $19.46 |
| 2025-04-18 | Wehner Tony | Tax withheld | 202 | $19.46 |
| 2025-04-18 | Wehner Tony | Grant | 660 | — |
| 2025-04-18 | Wehner Tony | Tax withheld | 556 | $19.46 |
| 2025-04-18 | Wehner Tony | Grant | 1.8K | — |
| 2025-04-18 | Pineiro Antonio | Tax withheld | 318 | $19.46 |
| 2025-04-18 | Mulleady John | Grant | 3.6K | — |
| 2025-04-18 | Lehner Les | Grant | 730 | — |
| 2025-04-18 | Lehner Les | Tax withheld | 224 | $19.46 |
| 2025-04-18 | Lehner Les | Tax withheld | 615 | $19.46 |
| 2025-04-18 | Lehner Les | Grant | 2.0K | — |
| 2025-04-18 | Mulleady John | Tax withheld | 604 | $19.46 |
| 2025-04-18 | Mulleady John | Grant | 1.3K | — |
| 2025-03-10 | SHEEHAN KEVIN M | Gift | 50K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-25 | Shareholder voteExhibits | filing ↗ |
| 2026-06-15 | ResultsExhibits | filing ↗ |
| 2026-05-01 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-31 | ResultsExhibits | filing ↗ |
| 2025-12-09 | ResultsExhibits | filing ↗ |
| 2025-10-27 | Exec/director changeExhibits | filing ↗ |
| 2025-09-15 | ResultsExhibits | filing ↗ |
| 2025-07-15 | Exec/director changeOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-25 | 0001525769-26-000029 ↗ |
| 8-K | 2026-06-15 | 2026-06-15 | 0001525769-26-000025 ↗ |
| 10-Q | 2026-06-15 | 2026-05-05 | 0001525769-26-000026 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001525769-26-000010 ↗ |
| 10-K | 2026-03-31 | 2026-02-03 | 0001525769-26-000008 ↗ |
| 8-K | 2026-03-31 | 2026-03-31 | 0001525769-26-000006 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0001525769-25-000020 ↗ |
| 10-Q | 2025-12-09 | 2025-11-04 | 0001525769-25-000021 ↗ |
| 8-K | 2025-10-27 | 2025-10-27 | 0001525769-25-000014 ↗ |
| 8-K | 2025-09-15 | 2025-09-15 | 0001525769-25-000009 ↗ |
| 10-Q | 2025-09-15 | 2025-08-05 | 0001525769-25-000010 ↗ |
| 8-K | 2025-07-15 | 2025-07-15 | 0001628280-25-034977 ↗ |