XTX Topco Ltd Invests $354,000 in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)

Key Points

• XTX Topco Ltd acquired 20,144 shares of Dave & Buster's Entertainment, representing a new position valued at approximately $354,000, increasing their ownership to about 0.06% of the company.
• During the first quarter, various hedge funds, including Signaturefd LLC and GAMMA Investing LLC, significantly increased their stakes in Dave & Buster's, raising ownership levels by as much as 1,427.5% and 3,974.8% respectively.
• Despite reporting a net margin of 1.83% and missing EPS estimates by $0.20, analysts remain mixed on the stock with an average target price raised to $33.83.

XTX Topco Ltd purchased a new position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,144 shares of the restaurant operator's stock, valued at approximately $354,000. XTX Topco Ltd owned about 0.06% of Dave & Buster's Entertainment as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Dave & Buster's Entertainment by 1,427.5% in the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock worth $75,000 after acquiring an additional 3,997 shares during the last quarter. GAMMA Investing LLC raised its position in Dave & Buster's Entertainment by 3,974.8% in the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 4,253 shares during the period. Parallax Volatility Advisers L.P. lifted its stake in Dave & Buster's Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after purchasing an additional 632 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Dave & Buster's Entertainment during the first quarter valued at approximately $139,000. Finally, ProShare Advisors LLC grew its stake in shares of Dave & Buster's Entertainment by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 9,728 shares of the restaurant operator's stock valued at $284,000 after buying an additional 2,996 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PLAY shares. Loop Capital raised their price target on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. UBS Group lifted their target price on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. Truist Financial upped their price target on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a report on Wednesday, June 11th. Piper Sandler lifted their price objective on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Finally, BMO Capital Markets upped their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $33.83.

Insiders Place Their Bets

In related news, CEO Tarun Lal acquired 8,060 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was purchased at an average cost of $31.26 per share, for a total transaction of $251,955.60. Following the purchase, the chief executive officer directly owned 8,060 shares of the company's stock, valued at $251,955.60. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Mulleady sold 5,931 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total transaction of $194,477.49. Following the completion of the transaction, the senior vice president owned 42,550 shares of the company's stock, valued at $1,395,214.50. This represents a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.02% of the company's stock.

Dave & Buster's Entertainment Stock Down 2.2%

Dave & Buster's Entertainment stock traded down $0.57 during midday trading on Thursday, hitting $25.70. 228,757 shares of the company's stock were exchanged, compared to its average volume of 1,308,387. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. The company has a market cap of $888.78 million, a PE ratio of 25.42 and a beta of 2.14. The firm has a 50-day moving average of $29.97 and a two-hundred day moving average of $24.13. Dave & Buster's Entertainment, Inc. has a 12 month low of $15.08 and a 12 month high of $43.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). The business had revenue of $567.70 million for the quarter, compared to the consensus estimate of $572.12 million. Dave & Buster's Entertainment had a net margin of 1.83% and a return on equity of 40.67%. Dave & Buster's Entertainment's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 earnings per share. As a group, analysts expect that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share 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.