Quinn Opportunity Partners LLC bought a new position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 66,567 shares of the restaurant operator's stock, valued at approximately $1,943,000. Quinn Opportunity Partners LLC owned approximately 0.17% of Dave & Buster's Entertainment as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in PLAY. SG Americas Securities LLC raised its position 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 worth $12,405,000 after purchasing an additional 389,577 shares during the last quarter. Boston Partners boosted its holdings in shares of Dave & Buster's Entertainment by 132.5% during the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after purchasing an additional 323,595 shares during the last quarter. ExodusPoint Capital Management LP lifted its position in Dave & Buster's Entertainment by 2,306.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 225,100 shares of the restaurant operator's stock valued at $6,571,000 after purchasing an additional 215,746 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Dave & Buster's Entertainment by 72.3% during 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 during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Dave & Buster's Entertainment during the 4th quarter valued at $3,677,000. Hedge funds and other institutional investors own 91.45% of the company's stock.
Dave & Buster's Entertainment Price Performance
Shares of NASDAQ PLAY traded up $1.60 during trading on Thursday, hitting $19.89. The company had a trading volume of 845,104 shares, compared to its average volume of 1,468,160. Dave & Buster's Entertainment Inc has a fifty-two week low of $15.08 and a fifty-two week high of $57.10. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The stock has a fifty day simple moving average of $20.05 and a two-hundred day simple moving average of $28.26. The firm has a market capitalization of $686.33 million, a price-to-earnings ratio of 9.83 and a beta of 1.86.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $534.50 million for the quarter, compared to the consensus estimate of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The business's quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. On average, research analysts expect that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on PLAY. Loop Capital decreased their price objective on shares of 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. Piper Sandler dropped their target price on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Truist Financial dropped their price objective on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets decreased 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. One research 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, Dave & Buster's Entertainment presently has an average rating of "Hold" and a consensus price target of $33.00.
Read Our Latest Stock Report on PLAY
About Dave & Buster's Entertainment
(
Free Report)
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.
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