34,541 Shares in Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Purchased by Easterly Investment Partners LLC

Easterly Investment Partners LLC acquired a new position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 34,541 shares of the restaurant operator's stock, valued at approximately $1,176,000. Easterly Investment Partners LLC owned about 0.09% of Dave & Buster's Entertainment at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Eminence Capital LP lifted its position in shares of Dave & Buster's Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator's stock worth $150,023,000 after buying an additional 1,542,154 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Dave & Buster's Entertainment by 8.2% during the 2nd quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator's stock worth $50,411,000 after buying an additional 95,499 shares during the last quarter. Rubric Capital Management LP raised its position in Dave & Buster's Entertainment by 104.7% in the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator's stock valued at $48,767,000 after purchasing an additional 626,497 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Dave & Buster's Entertainment by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator's stock valued at $45,553,000 after purchasing an additional 25,138 shares during the last quarter. Finally, Coronation Fund Managers Ltd. raised its position in Dave & Buster's Entertainment by 2.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator's stock valued at $41,208,000 after purchasing an additional 29,627 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company's stock.

Wall Street Analyst Weigh In

PLAY has been the subject of several research reports. Truist Financial reduced their price target on shares of Dave & Buster's Entertainment from $64.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Loop Capital reduced their price target on shares of Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. Benchmark initiated coverage on shares of Dave & Buster's Entertainment in a research report on Monday, October 7th. They issued a "hold" rating for the company. BMO Capital Markets reduced their price target on shares of Dave & Buster's Entertainment from $65.00 to $55.00 and set an "outperform" rating for the company in a research report on Wednesday, September 11th. Finally, StockNews.com downgraded shares of Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Dave & Buster's Entertainment currently has a consensus rating of "Hold" and a consensus target price of $62.57.

Insider Activity at Dave & Buster's Entertainment

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average cost of $33.67 per share, with a total value of $502,087.04. Following the completion of the acquisition, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company's stock.

Dave & Buster's Entertainment Stock Performance

PLAY stock traded down $0.50 during mid-day trading on Friday, reaching $39.26. The company had a trading volume of 866,261 shares, compared to its average volume of 1,259,524. Dave & Buster's Entertainment Inc has a one year low of $29.31 and a one year high of $69.82. The stock's 50-day simple moving average is $34.32 and its two-hundred day simple moving average is $39.65. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. The stock has a market capitalization of $1.54 billion, a P/E ratio of 14.33 and a beta of 2.13.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.28. Dave & Buster's Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million for the quarter, compared to analysts' expectations of $560.65 million. During the same period in the previous year, the business earned $0.94 earnings per share. The company's revenue was up 2.8% on a year-over-year basis. Research analysts anticipate that Dave & Buster's Entertainment Inc will post 2.62 EPS for the current year.

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.