65,032 Shares in Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. purchased a new position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 65,032 shares of the restaurant operator's stock, valued at approximately $1,899,000. Rockefeller Capital Management L.P. owned about 0.17% of Dave & Buster's Entertainment as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PLAY. KBC Group NV grew its stake in shares of Dave & Buster's Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock valued at $58,000 after acquiring an additional 885 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Dave & Buster's Entertainment during the fourth quarter worth approximately $47,000. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of Dave & Buster's Entertainment by 19.0% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator's stock valued at $311,000 after buying an additional 1,700 shares during the period. Easterly Investment Partners LLC grew its position in Dave & Buster's Entertainment by 8.7% during the fourth quarter. Easterly Investment Partners LLC now owns 37,541 shares of the restaurant operator's stock worth $1,096,000 after buying an additional 3,000 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Dave & Buster's Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock worth $4,480,000 after acquiring an additional 3,494 shares during the period. Institutional investors own 91.45% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on PLAY shares. Loop Capital lowered 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 research report on Tuesday, April 8th. BMO Capital Markets lowered their target price on shares of 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. Piper Sandler cut their price target on 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. Finally, Truist Financial reduced their target price on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $33.00.

Dave & Buster's Entertainment Stock Performance

Shares of PLAY traded down $0.06 during mid-day trading on Thursday, hitting $19.42. The stock had a trading volume of 835,024 shares, compared to its average volume of 1,527,838. The firm has a market cap of $670.21 million, a P/E ratio of 9.61 and a beta of 1.86. Dave & Buster's Entertainment Inc has a 52 week low of $15.08 and a 52 week high of $57.10. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The business has a fifty day moving average price of $19.58 and a 200-day moving average price of $27.77.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping analysts' consensus estimates 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 earned $0.88 earnings per share. The business's revenue for the quarter was down 10.8% on a year-over-year basis. On average, equities research analysts expect that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current year.

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.