Vanguard Group Inc. Decreases Stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Vanguard Group Inc. cut its holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,281,481 shares of the restaurant operator's stock after selling 304,010 shares during the quarter. Vanguard Group Inc. owned about 11.12% of Dave & Buster's Entertainment worth $124,976,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC acquired a new stake in Dave & Buster's Entertainment in the 4th quarter worth approximately $311,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth $175,000. Sciencast Management LP purchased a new stake in shares of Dave & Buster's Entertainment during the fourth quarter valued at $577,000. Kazazian Asset Management LLC acquired a new position in shares of Dave & Buster's Entertainment in the 4th quarter valued at $3,204,000. Finally, Boston Partners raised its stake in Dave & Buster's Entertainment by 132.5% in the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock worth $16,563,000 after acquiring an additional 323,595 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLAY. Loop Capital dropped their price target on 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. Truist Financial cut 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 report on Wednesday, April 2nd. BMO Capital Markets decreased their price objective 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. Finally, 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 research report on Tuesday, April 8th. One research 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $33.00.

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Dave & Buster's Entertainment Price Performance

Shares of Dave & Buster's Entertainment stock traded down $0.51 on Friday, hitting $17.10. The company's stock had a trading volume of 1,160,433 shares, compared to its average volume of 1,474,728. The company has a market capitalization of $590.21 million, a price-to-earnings ratio of 8.47 and a beta of 1.86. The firm has a fifty day moving average price of $20.56 and a 200-day moving average price of $28.51. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster's Entertainment Inc has a 1 year low of $15.08 and a 1 year high of $57.41.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The firm 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 firm's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. As a group, sell-side analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

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.