Dimensional Fund Advisors LP decreased its holdings in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 960,646 shares of the restaurant operator's stock after selling 18,460 shares during the quarter. Dimensional Fund Advisors LP owned 2.50% of Dave & Buster's Entertainment worth $28,040,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Hennessy Advisors Inc. grew its stake in Dave & Buster's Entertainment by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator's stock valued at $4,580,000 after purchasing an additional 10,000 shares in the last quarter. SG Americas Securities LLC grew its stake in Dave & Buster's Entertainment by 1,100.8% in the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock valued at $12,405,000 after purchasing an additional 389,577 shares in the last quarter. KBC Group NV grew its stake in 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 valued at $58,000 after purchasing an additional 885 shares in the last quarter. Rhumbline Advisers grew its stake in Dave & Buster's Entertainment by 3.9% in the fourth quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator's stock valued at $2,880,000 after purchasing an additional 3,730 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Dave & Buster's Entertainment by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock valued at $4,480,000 after purchasing an additional 3,494 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Truist Financial decreased their price target on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research note on Wednesday, April 2nd. Loop Capital decreased their price target on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Piper Sandler decreased their price target on 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. Finally, BMO Capital Markets decreased their price target on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $33.00.
Read Our Latest Research Report on PLAY
Dave & Buster's Entertainment Stock Down 5.6%
Shares of PLAY traded down $1.18 during midday trading on Friday, hitting $19.86. The stock had a trading volume of 901,758 shares, compared to its average volume of 1,477,483. The company has a 50 day simple moving average of $18.85 and a two-hundred day simple moving average of $26.43. Dave & Buster's Entertainment Inc has a twelve month low of $15.08 and a twelve month high of $57.10. The firm has a market cap of $685.47 million, a price-to-earnings ratio of 9.83 and a beta of 1.94. 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 released its 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 business had revenue of $534.50 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. On average, analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current year.
About Dave & Buster's Entertainment
(
Free Report)
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.
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