Bienville Capital Management LLC Grows Stock Position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Bienville Capital Management LLC increased its holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 72.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,651 shares of the restaurant operator's stock after purchasing an additional 56,651 shares during the period. Bienville Capital Management LLC owned approximately 0.35% of Dave & Buster's Entertainment worth $3,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $47,000. KBC Group NV grew its holdings 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 worth $58,000 after purchasing an additional 885 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $175,000. Aristides Capital LLC purchased a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at $207,000. Finally, Parallax Volatility Advisers L.P. increased its position in Dave & Buster's Entertainment by 9.3% during the 4th quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after purchasing an additional 632 shares during the period. Hedge funds and other institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Price Performance

NASDAQ:PLAY traded up $1.14 during trading hours on Wednesday, reaching $20.85. 322,901 shares of the company were exchanged, compared to its average volume of 1,467,552. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The firm has a market cap of $719.67 million, a PE ratio of 10.34 and a beta of 1.94. Dave & Buster's Entertainment Inc has a twelve month low of $15.08 and a twelve month high of $57.10. The stock's 50-day moving average is $18.79 and its 200-day moving average is $26.79.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (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 for the quarter, compared to analyst estimates of $548.77 million. During the same period in the previous year, the company posted $0.88 earnings per share. The business's revenue was down 10.8% on a year-over-year basis. On average, sell-side analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLAY. Piper Sandler reduced their price objective on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. BMO Capital Markets cut their target price on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Truist Financial lowered 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. Finally, Loop Capital decreased their target price 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. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.