Eminence Capital LP Buys 135,095 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Eminence Capital LP raised its holdings in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,845,454 shares of the restaurant operator's stock after acquiring an additional 135,095 shares during the quarter. Eminence Capital LP owned approximately 9.99% of Dave & Buster's Entertainment worth $112,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLAY. SG Americas Securities LLC boosted its stake in shares of Dave & Buster's Entertainment by 1,100.8% during the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock worth $12,405,000 after acquiring an additional 389,577 shares during the period. Boston Partners boosted its position in Dave & Buster's Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock worth $16,563,000 after purchasing an additional 323,595 shares during the period. ExodusPoint Capital Management LP increased its holdings in shares of Dave & Buster's Entertainment by 2,306.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 225,100 shares of the restaurant operator's stock valued at $6,571,000 after purchasing an additional 215,746 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Dave & Buster's Entertainment by 72.3% in the fourth quarter. Russell Investments Group Ltd. now owns 338,635 shares of the restaurant operator's stock valued at $9,885,000 after purchasing an additional 142,045 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Dave & Buster's Entertainment during the 4th quarter worth about $3,677,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Price Performance

Shares of NASDAQ:PLAY traded up $1.61 during trading on Monday, reaching $21.47. 628,628 shares of the company traded hands, compared to its average volume of 1,474,325. The company's 50 day moving average is $18.85 and its two-hundred day moving average is $26.43. The firm has a market capitalization of $740.86 million, a PE ratio of 10.67 and a beta of 1.94. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster's Entertainment Inc has a 52 week low of $15.08 and a 52 week high of $57.10.

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 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The business had revenue of $534.50 million during 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%. Dave & Buster's Entertainment's revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, sell-side analysts predict that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on PLAY. Loop Capital cut their price objective 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. Truist Financial reduced 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. Piper Sandler decreased their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, BMO Capital Markets dropped their target price on 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $33.00.

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.