ExodusPoint Capital Management LP Has $6.57 Million Stock Holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

ExodusPoint Capital Management LP lifted its position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 2,306.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,100 shares of the restaurant operator's stock after purchasing an additional 215,746 shares during the period. ExodusPoint Capital Management LP owned about 0.58% of Dave & Buster's Entertainment worth $6,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Wealth LLC raised its position in shares of Dave & Buster's Entertainment by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after purchasing an additional 85,820 shares in the last quarter. Boston Partners grew its holdings in Dave & Buster's Entertainment by 132.5% during the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock worth $16,563,000 after acquiring an additional 323,595 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dave & Buster's Entertainment by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator's stock worth $13,775,000 after purchasing an additional 9,733 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Dave & Buster's Entertainment by 1,100.8% in the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock valued at $12,405,000 after purchasing an additional 389,577 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its position in shares of Dave & Buster's Entertainment by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator's stock worth $4,580,000 after purchasing an additional 10,000 shares during the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

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Dave & Buster's Entertainment Stock Performance

Dave & Buster's Entertainment stock traded down $0.67 during midday trading on Thursday, reaching $16.86. 448,056 shares of the stock traded hands, compared to its average volume of 1,478,464. Dave & Buster's Entertainment Inc has a fifty-two week low of $15.08 and a fifty-two week high of $62.21. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The firm has a market cap of $649.12 million, a price-to-earnings ratio of 8.30 and a beta of 1.86. The firm has a fifty day moving average price of $20.97 and a two-hundred day moving average price of $28.75.

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, beating analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $534.50 million for the quarter, compared to analysts' expectations of $548.77 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company's revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. On average, equities research analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Gordon Haskett restated a "hold" rating and set a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Piper Sandler reduced their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday. Loop Capital lowered their target price on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday. William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. 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 for the company in a research report on Wednesday. One investment 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's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus 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.