Verition Fund Management LLC purchased a new stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY – Get Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,461 shares of the restaurant operator's stock, valued at approximately $612,000.
A number of other institutional investors have also made changes to their positions in the stock. WealthTrust Asset Management LLC acquired a new position in shares of Dave & Buster's Entertainment in the first quarter valued at approximately $906,000. Virtu Financial LLC acquired a new position in shares of Dave & Buster's Entertainment in the first quarter valued at approximately $1,036,000. Quantbot Technologies LP acquired a new position in shares of Dave & Buster's Entertainment in the first quarter valued at approximately $2,799,000. Shellback Capital LP acquired a new position in shares of Dave & Buster's Entertainment in the first quarter valued at approximately $2,701,000. Finally, Delphia USA Inc. grew its holdings in shares of Dave & Buster's Entertainment by 43.6% in the first quarter. Delphia USA Inc. now owns 7,713 shares of the restaurant operator's stock valued at $379,000 after purchasing an additional 2,341 shares in the last quarter. 99.21% of the stock is currently owned by institutional investors and hedge funds.
Get Dave & Buster's Entertainment alerts:Dave & Buster's Entertainment Stock Down 4.3 %
PLAY stock opened at $33.38 on Friday. The company has a fifty day moving average price of $39.06 and a 200 day moving average price of $39.56. Dave & Buster's Entertainment Inc has a 12 month low of $29.60 and a 12 month high of $52.54. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.73. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.53 and a quick ratio of 0.41.
Dave & Buster's Entertainment (NASDAQ:PLAY – Get Rating) last released its quarterly earnings results on Wednesday, September 7th. The restaurant operator reported $0.59 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.48). Dave & Buster's Entertainment had a net margin of 8.37% and a return on equity of 43.40%. The business had revenue of $468.40 million during the quarter, compared to analysts' expectations of $432.92 million. During the same quarter last year, the company earned $1.07 EPS. The firm's revenue for the quarter was up 24.0% compared to the same quarter last year. Sell-side analysts expect that Dave & Buster's Entertainment Inc will post 2.84 earnings per share for the current year.Wall Street Analyst Weigh In
A number of brokerages recently weighed in on PLAY. Truist Financial lifted their price objective on shares of Dave & Buster's Entertainment from $57.00 to $62.00 and gave the company a "buy" rating in a report on Thursday, September 8th. StockNews.com downgraded shares of Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a research note on Tuesday. Piper Sandler lifted their price target on shares of Dave & Buster's Entertainment from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 8th. Stifel Nicolaus decreased their price target on shares of Dave & Buster's Entertainment from $45.00 to $36.00 and set a "hold" rating for the company in a research note on Tuesday, June 21st. Finally, Raymond James decreased their price target on shares of Dave & Buster's Entertainment from $60.00 to $55.00 and set a "strong-buy" rating for the company in a research note on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Dave & Buster's Entertainment has a consensus rating of "Moderate Buy" and an average target price of $53.00.
Insider Activity at Dave & Buster's Entertainment
In other Dave & Buster's Entertainment news, CEO Christopher Daniel Morris purchased 33,400 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Wednesday, July 13th. The stock was purchased at an average price of $30.54 per share, for a total transaction of $1,020,036.00. Following the transaction, the chief executive officer now directly owns 48,206 shares in the company, valued at $1,472,211.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.21% of the stock is owned by insiders.
About Dave & Buster's Entertainment
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Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.
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