A director buying $163K after a 90%+ decline is a low-conviction signal — insiders often buy after severe drops as a show of confidence, not because they see near-term improvement. The earnings filing shows no catalyst for reversal; monitor Q3 comps and margin trends for any sign of stabilization before treating this buy as meaningful.
Price Chart
Executive Summary
Director Nathaniel Lipman purchased 24,000 shares of Dave & Buster's for $163K at $6.78/share on September 17, 2026, three days after the company reported a disastrous Q2 miss (revenue -2.4% YoY, GAAP net loss of $12.5M). This is a director-level open-market buy of meaningful absolute size but tiny relative to the company's market cap (~$270M), occurring after a 90%+ stock decline from highs — a classic 'value fishing' buy that does not offset the fundamental deterioration confirmed in the earnings filing.
Key Financial Metrics
Key Facts
- Director Nathaniel Lipman bought 24,000 shares total at $6.78/share for $163K on September 17, 2026
- Purchase came 3 days after Q2 earnings miss: revenue $544.1M (-2.4% YoY, miss vs $556.8M consensus), GAAP net loss -$12.5M vs +$11.4M profit a year ago
- Adjusted EPS of -$0.27 massively missed consensus of +$0.19
- Comparable-store sales declined 2.9%, confirming sustained downturn
Financial Impact
$163K director purchase is ~0.06% of market cap (~$270M) — trivial relative to company size
Risk Factors
- Director buy may be misinterpreted as bullish by retail, but dollar amount is immaterial relative to market cap
- Sustained comp declines and GAAP losses suggest no near-term fundamental catalyst
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001193125-26-394355 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G | $7.14 | awaiting T+60 | — | $7.58 (+6.16%) |
Sep 21, 2026 5w ago | 8-K | $6.79 | awaiting T+60 | — | $7.58 (+11.63%) |
Sep 17, 2026 5w ago | Insider Buy | $6.73 | awaiting T+60 | — | $7.58 (−12.63%) |
Sep 17, 2026 5w ago | Insider Buy | $6.73 | awaiting T+60 | — | $7.58 (+12.63%) |
Sep 14, 2026 6w ago | 8-K | $6.86 | awaiting T+60 | — | $7.58 (−10.50%) |
Sep 14, 2026 6w ago | Press Release | $6.86 | awaiting T+60 | — | $7.58 (−10.50%) |
Jun 15, 2026 19w ago | 8-K | $11.55 $8.17 | ▲ +29.26% | ▲ +30.26% | $7.58 (+34.37%) |
Jun 15, 2026 19w ago | Press Release | $11.55 $8.17 | ▲ +29.26% | ▲ +30.26% | $7.58 (+34.37%) |
Jun 11, 2026 19w ago | Institutional Cluster | $13.18 $8.72 | ▲ +33.84% | ▲ +38.23% | $7.58 (+42.49%) |
Mar 31, 2026 30w ago | 8-K | $12.57 $11.33 | ▲ +9.86% | ▲ +23.24% | $7.58 (+39.70%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers