7,026 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Acquired by Paloma Partners Management Co

Paloma Partners Management Co bought a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,026 shares of the restaurant operator’s stock, valued at approximately $440,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLAY. Principal Securities Inc. acquired a new position in Dave & Buster’s Entertainment during the 4th quarter valued at $38,000. Federated Hermes Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 67.3% in the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 292 shares during the last quarter. GAMMA Investing LLC bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth about $53,000. Headlands Technologies LLC bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth about $54,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Dave & Buster’s Entertainment during the 1st quarter worth about $249,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY traded up $0.54 during trading on Monday, hitting $36.60. 823,114 shares of the company’s stock were exchanged, compared to its average volume of 1,236,431. The company has a current ratio of 0.32, a quick ratio of 0.24 and a debt-to-equity ratio of 4.41. The company has a market cap of $1.45 billion, a PE ratio of 15.57 and a beta of 2.14. Dave & Buster’s Entertainment Inc has a fifty-two week low of $33.07 and a fifty-two week high of $69.82. The stock’s 50 day moving average price is $42.83 and its two-hundred day moving average price is $52.28.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.44). The business had revenue of $588.10 million for the quarter, compared to analyst estimates of $615.88 million. Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. Research analysts expect that Dave & Buster’s Entertainment Inc will post 3.03 EPS for the current year.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CFO Darin Harper purchased 13,438 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were purchased at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the acquisition, the chief financial officer now owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PLAY shares. Piper Sandler reiterated a “neutral” rating and issued a $71.00 price target (up from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. StockNews.com upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. BMO Capital Markets lowered their price objective on shares of Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 13th. Truist Financial decreased their target price on shares of Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, June 11th. Finally, William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.71.

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.