Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 72.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 338,635 shares of the restaurant operator's stock after buying an additional 142,045 shares during the quarter. Russell Investments Group Ltd. owned 0.88% of Dave & Buster's Entertainment worth $9,885,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PLAY. SBI Securities Co. Ltd. purchased a new position in Dave & Buster's Entertainment in the fourth quarter worth $47,000. KBC Group NV grew its stake in Dave & Buster's Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after buying an additional 885 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Dave & Buster's Entertainment in the 4th quarter valued at about $175,000. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in shares of Dave & Buster's Entertainment by 19.0% during 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 last quarter. Finally, LPL Financial LLC acquired a new position in shares of Dave & Buster's Entertainment during the 4th quarter valued at $311,000. Institutional investors and hedge funds own 91.45% of the company's stock.

Dave & Buster's Entertainment Trading Up 7.6 %

PLAY traded up $1.39 during midday trading on Thursday, reaching $19.68. 531,131 shares of the company's stock traded hands, compared to its average volume of 1,466,971. Dave & Buster's Entertainment Inc has a 52 week low of $15.08 and a 52 week high of $57.10. The stock has a market capitalization of $679.26 million, a price-to-earnings ratio of 9.77 and a beta of 1.86. The firm has a fifty day moving average of $20.05 and a two-hundred day moving average of $28.26. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) 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 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 business's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. On average, equities analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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