LSV Asset Management Has $5.39 Million Stock Position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

LSV Asset Management boosted its stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 184,786 shares of the restaurant operator's stock after purchasing an additional 42,786 shares during the quarter. LSV Asset Management owned about 0.48% of Dave & Buster's Entertainment worth $5,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Dave & Buster's Entertainment in the 4th quarter valued at $3,677,000. Invesco Ltd. lifted its position in shares of Dave & Buster's Entertainment by 16.6% during the 4th quarter. Invesco Ltd. now owns 208,914 shares of the restaurant operator's stock worth $6,098,000 after buying an additional 29,800 shares during the last quarter. Aristides Capital LLC acquired a new stake in shares of Dave & Buster's Entertainment in the 4th quarter valued at approximately $207,000. Russell Investments Group Ltd. boosted its position in Dave & Buster's Entertainment by 72.3% in the fourth quarter. Russell Investments Group Ltd. now owns 338,635 shares of the restaurant operator's stock valued at $9,885,000 after buying an additional 142,045 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Dave & Buster's Entertainment by 27.5% during the 4th quarter. Wells Fargo & Company MN now owns 17,154 shares of the restaurant operator's stock valued at $501,000 after acquiring an additional 3,703 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Trading Up 9.2 %

Dave & Buster's Entertainment stock traded up $1.69 during mid-day trading on Friday, hitting $19.98. 1,827,835 shares of the stock were exchanged, compared to its average volume of 1,473,467. The stock has a market capitalization of $689.61 million, a price-to-earnings ratio of 9.89 and a beta of 1.86. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster's Entertainment Inc has a 12 month low of $15.08 and a 12 month high of $57.10. The firm's fifty day simple moving average is $19.96 and its two-hundred day simple moving average is $28.17.

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

Wall Street Analysts Forecast Growth

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

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.