Clearline Capital LP Has $33.46 Million Holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Clearline Capital LP lifted its holdings in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 1,768.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,146,224 shares of the restaurant operator's stock after purchasing an additional 1,084,890 shares during the quarter. Dave & Buster's Entertainment accounts for approximately 4.4% of Clearline Capital LP's portfolio, making the stock its 4th largest position. Clearline Capital LP owned about 2.98% of Dave & Buster's Entertainment worth $33,458,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG raised its position in Dave & Buster's Entertainment by 50.9% in the 4th quarter. Deutsche Bank AG now owns 30,120 shares of the restaurant operator's stock worth $879,000 after purchasing an additional 10,163 shares during the period. Eminence Capital LP grew its stake in shares of Dave & Buster's Entertainment by 3.6% in the fourth quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock worth $112,249,000 after purchasing an additional 135,095 shares during the last quarter. Bank of America Corp DE increased its holdings in Dave & Buster's Entertainment by 50.7% during the 4th quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator's stock valued at $6,209,000 after purchasing an additional 71,520 shares during the period. Ameriprise Financial Inc. raised its position in Dave & Buster's Entertainment by 7.1% during the 4th quarter. Ameriprise Financial Inc. now owns 123,246 shares of the restaurant operator's stock valued at $3,598,000 after purchasing an additional 8,159 shares during the last quarter. Finally, Bienville Capital Management LLC boosted its holdings in Dave & Buster's Entertainment by 72.6% in the fourth quarter. Bienville Capital Management LLC now owns 134,651 shares of the restaurant operator's stock valued at $3,930,000 after acquiring an additional 56,651 shares in the last quarter. Institutional investors own 91.45% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on PLAY shares. BMO Capital Markets lowered 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 report on Wednesday, April 9th. Loop Capital reduced 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 decreased their price objective on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a report on Wednesday, April 2nd. Finally, Piper Sandler lowered their target price on shares of 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. 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 stock. According to data from MarketBeat.com, Dave & Buster's Entertainment has a consensus rating of "Hold" and an average price target of $33.00.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY traded down $1.18 during mid-day trading on Friday, reaching $19.86. The company's stock had a trading volume of 901,758 shares, compared to its average volume of 1,477,483. 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's fifty day moving average price is $18.85 and its two-hundred day moving average price is $26.50. Dave & Buster's Entertainment Inc has a 12-month low of $15.08 and a 12-month high of $57.10. The stock has a market cap of $685.47 million, a P/E ratio of 9.83 and a beta of 1.94.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $534.50 million during the quarter, compared to analysts' expectations of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. Dave & Buster's Entertainment'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 earnings per share. On average, equities analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal 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.