107,683 Shares in Dave & Buster's Entertainment, Inc. $PLAY Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 107,683 shares of the restaurant operator's stock, valued at approximately $1,228,000. GSA Capital Partners LLP owned 0.31% of Dave & Buster's Entertainment at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in shares of Dave & Buster's Entertainment in the 1st quarter valued at about $430,000. Creative Planning acquired a new stake in Dave & Buster's Entertainment during the second quarter worth about $311,000. Marshall Wace LLP acquired a new stake in Dave & Buster's Entertainment during the second quarter worth about $243,000. Cerity Partners LLC lifted its holdings in Dave & Buster's Entertainment by 13.2% in the second quarter. Cerity Partners LLC now owns 22,654 shares of the restaurant operator's stock worth $681,000 after acquiring an additional 2,644 shares during the last quarter. Finally, Caption Management LLC lifted its holdings in Dave & Buster's Entertainment by 624.7% in the second quarter. Caption Management LLC now owns 14,153 shares of the restaurant operator's stock worth $426,000 after acquiring an additional 12,200 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Citizens Jmp began coverage on Dave & Buster's Entertainment in a report on Monday, June 29th. They set a "market perform" rating for the company. Citigroup began coverage on Dave & Buster's Entertainment in a report on Monday, June 29th. They issued a "market perform" rating on the stock. BMO Capital Markets reduced their price objective on Dave & Buster's Entertainment from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Tuesday, June 16th. UBS Group reduced their price objective on Dave & Buster's Entertainment from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, June 16th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus target price of $19.33.

Dave & Buster's Entertainment Price Performance

NASDAQ PLAY opened at $10.15 on Tuesday. The company has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $12.53. Dave & Buster's Entertainment, Inc. has a 52 week low of $9.40 and a 52 week high of $26.31. The stock has a market cap of $353.12 million, a price-to-earnings ratio of -5.37 and a beta of 1.86. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 15.01.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.38). Dave & Buster's Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The business had revenue of $559.20 million for the quarter, compared to analyst estimates of $580.60 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The business's quarterly revenue was down 1.5% on a year-over-year basis. Analysts forecast that Dave & Buster's Entertainment, Inc. will post -1.1 EPS for the current year.

About Dave & Buster's Entertainment

Dave & Buster's Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.

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