Eminence Capital LP Grows Stock Holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Eminence Capital LP boosted its stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,845,454 shares of the restaurant operator's stock after purchasing an additional 135,095 shares during the quarter. Eminence Capital LP owned about 9.99% of Dave & Buster's Entertainment worth $112,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PLAY. Parallax Volatility Advisers L.P. raised its stake in shares of Dave & Buster's Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after acquiring an additional 632 shares during the last quarter. KBC Group NV grew its position in shares of Dave & Buster's Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after buying an additional 885 shares during the period. MetLife Investment Management LLC increased its position in Dave & Buster's Entertainment by 7.7% in the 4th quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock valued at $602,000 after buying an additional 1,479 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Dave & Buster's Entertainment in the 4th quarter valued at $47,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in shares of Dave & Buster's Entertainment by 19.0% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator's stock worth $311,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Down 5.6 %

Shares of Dave & Buster's Entertainment stock traded down $1.18 on Friday, reaching $19.86. The stock had a trading volume of 901,758 shares, compared to its average volume of 1,474,034. The company has a 50 day moving average price of $18.85 and a 200 day moving average price of $26.55. The stock has a market capitalization of $685.47 million, a P/E ratio of 9.83 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 1 year low of $15.08 and a 1 year high of $57.10.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The business had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The business's quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, equities research analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current year.

Wall Street Analyst Weigh In

PLAY has been the topic of a number of recent analyst reports. Loop Capital lowered their target price 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. Piper Sandler cut their price target 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 decreased their price objective on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Truist Financial cut their price target on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $33.00.

Dave & Buster's Entertainment 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.