Arrowstreet Capital Limited Partnership Cuts Stock Position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Arrowstreet Capital Limited Partnership cut its position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,267,224 shares of the restaurant operator's stock after selling 103,824 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 3.29% of Dave & Buster's Entertainment worth $36,990,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC lifted its stake in Dave & Buster's Entertainment by 1,100.8% in the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock valued at $12,405,000 after buying an additional 389,577 shares during the period. Boston Partners increased its stake in shares of Dave & Buster's Entertainment by 132.5% in the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after acquiring an additional 323,595 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Dave & Buster's Entertainment during the 4th quarter valued at $3,677,000. Kazazian Asset Management LLC bought a new position in Dave & Buster's Entertainment during the fourth quarter worth $3,204,000. Finally, WINTON GROUP Ltd bought a new position in Dave & Buster's Entertainment during the fourth quarter worth $2,529,000. Institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Down 3.8 %

PLAY traded down $0.64 during midday trading on Monday, reaching $16.19. 3,127,169 shares of the company were exchanged, compared to its average volume of 1,466,263. The company has a market cap of $623.36 million, a price-to-earnings ratio of 8.01 and a beta of 1.86. Dave & Buster's Entertainment Inc has a one year low of $15.08 and a one year high of $65.38. The company's fifty day moving average price is $21.79 and its 200 day moving average price is $29.15. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

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Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company had revenue of $534.50 million for the quarter, compared to the consensus estimate of $548.77 million. During the same quarter last year, the business posted $0.88 earnings per share. Dave & Buster's Entertainment's revenue was down 10.8% on a year-over-year basis. As a group, analysts expect that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLAY shares. Gordon Haskett reiterated a "hold" rating and set a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. William Blair reaffirmed a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. BMO Capital Markets cut their price target on Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. Loop Capital reduced their price objective on Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Finally, Truist Financial lowered their target price on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Dave & Buster's Entertainment currently has a consensus rating of "Hold" and a consensus price target of $40.60.

Dave & Buster's Entertainment Profile

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.