Dynamic Technology Lab Private Ltd trimmed its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Free Report) by 42.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,726 shares of the restaurant operator’s stock after selling 4,274 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Dave & Buster’s Entertainment were worth $308,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Dave & Buster’s Entertainment by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock worth $166,166,000 after acquiring an additional 116,402 shares during the period. Eminence Capital LP boosted its stake in shares of Dave & Buster’s Entertainment by 331.4% in the third quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock valued at $134,766,000 after purchasing an additional 2,792,780 shares during the period. Nomura Holdings Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 1.8% in the third quarter. Nomura Holdings Inc. now owns 2,492,571 shares of the restaurant operator’s stock valued at $92,400,000 after purchasing an additional 43,621 shares during the period. American Century Companies Inc. grew its holdings in Dave & Buster’s Entertainment by 7.0% during the 3rd quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock valued at $74,971,000 after purchasing an additional 132,460 shares in the last quarter. Finally, FMR LLC increased its stake in Dave & Buster’s Entertainment by 14.8% during the 3rd quarter. FMR LLC now owns 228,616 shares of the restaurant operator’s stock worth $8,475,000 after buying an additional 29,448 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Dave & Buster’s Entertainment
In related news, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the sale, the director now owns 33,546 shares of the company’s stock, valued at approximately $2,199,611.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the completion of the transaction, the senior vice president now directly owns 57,132 shares in the company, valued at $3,803,848.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the sale, the director now owns 33,546 shares in the company, valued at $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
Dave & Buster’s Entertainment Stock Performance
Shares of PLAY opened at $49.81 on Monday. The company has a debt-to-equity ratio of 5.11, a current ratio of 0.32 and a quick ratio of 0.23. Dave & Buster’s Entertainment Inc has a 12-month low of $31.65 and a 12-month high of $69.82. The business’s fifty day moving average price is $56.75 and its 200 day moving average price is $53.49. The stock has a market capitalization of $2.01 billion, a PE ratio of 17.73 and a beta of 2.08.
Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Free Report) last posted its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). Dave & Buster’s Entertainment had a return on equity of 53.96% and a net margin of 5.76%. The business had revenue of $599.10 million during the quarter, compared to the consensus estimate of $603.41 million. Equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 3.89 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group raised their price objective on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Raymond James reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, March 25th. Piper Sandler reissued a “neutral” rating and set a $71.00 price target (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Finally, UBS Group upped their price target on shares of Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.21.
Check Out Our Latest Analysis on Dave & Buster’s Entertainment
Dave & Buster’s Entertainment Profile
(Free Report)
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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