Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 34.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,196 shares of the restaurant operator's stock after selling 70,339 shares during the period. Nisa Investment Advisors LLC owned approximately 0.35% of Dave & Buster's Entertainment worth $4,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PLAY. Eminence Capital LP raised its holdings in shares of Dave & Buster's Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator's stock worth $150,023,000 after purchasing an additional 1,542,154 shares during the last quarter. American Century Companies Inc. raised its stake 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 period. Rubric Capital Management LP lifted its position in shares of Dave & Buster's Entertainment by 104.7% during 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 buying an additional 626,497 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 worth $45,553,000 after acquiring an additional 25,138 shares in the last quarter. Finally, Coronation Fund Managers Ltd. increased its holdings 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 worth $41,208,000 after acquiring an additional 29,627 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dave & Buster's Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of Dave & Buster's Entertainment stock in a transaction dated Monday, October 7th. The shares were acquired at an average price of $33.67 per share, with a total value of $502,087.04. Following the completion of the transaction, the chief executive officer now owns 83,847 shares of the company's stock, valued at $2,823,128.49. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company's stock.

Dave & Buster's Entertainment Trading Up 4.4 %

Shares of NASDAQ PLAY traded up $1.63 during midday trading on Friday, reaching $38.56. 1,258,072 shares of the stock were exchanged, compared to its average volume of 1,261,274. The company has a 50 day simple moving average of $33.52 and a 200 day simple moving average of $40.15. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The stock has a market capitalization of $1.52 billion, a P/E ratio of 14.07 and a beta of 2.15. Dave & Buster's Entertainment Inc has a twelve month low of $29.31 and a twelve month high of $69.82.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS 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 company had revenue of $557.10 million for the quarter, compared to analysts' expectations of $560.65 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. Dave & Buster's Entertainment's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Dave & Buster's Entertainment Inc will post 2.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Dave & Buster's Entertainment Company 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.