JPMorgan Chase & Co. Sells 710,202 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

JPMorgan Chase & Co. trimmed its holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 94.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,805 shares of the restaurant operator's stock after selling 710,202 shares during the period. JPMorgan Chase & Co. owned about 0.11% of Dave & Buster's Entertainment worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Dave & Buster's Entertainment in the 4th quarter valued at approximately $47,000. KBC Group NV boosted its holdings in shares of Dave & Buster's Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock valued at $58,000 after buying an additional 885 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth $175,000. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in shares of Dave & Buster's Entertainment by 19.0% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator's stock worth $311,000 after acquiring an additional 1,700 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth $311,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster's Entertainment Stock Up 0.3 %

Shares of NASDAQ:PLAY traded up $0.05 during trading on Tuesday, hitting $19.78. 709,364 shares of the company were exchanged, compared to its average volume of 1,470,500. The stock has a market cap of $682.71 million, a price-to-earnings ratio of 9.79 and a beta of 1.86. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster's Entertainment Inc has a fifty-two week low of $15.08 and a fifty-two week high of $57.10. The firm has a fifty day moving average price of $19.24 and a two-hundred day moving average price of $27.44.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The company's quarterly revenue was down 10.8% compared to the same quarter last year. As a group, research analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PLAY. Truist Financial lowered their target price on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a report on Wednesday, April 2nd. Piper Sandler dropped their target price on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Loop Capital reduced their price target on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, BMO Capital Markets lowered their price objective on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Dave & Buster's Entertainment currently has a consensus rating of "Hold" and an average target price of $33.00.

About Dave & Buster's Entertainment

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.