Woodline Partners LP Purchases New Shares in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Woodline Partners LP bought a new position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 229,609 shares of the restaurant operator's stock, valued at approximately $6,702,000. Woodline Partners LP owned 0.60% of Dave & Buster's Entertainment as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth $47,000. KBC Group NV lifted its stake 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 last quarter. KLP Kapitalforvaltning AS acquired a new stake in Dave & Buster's Entertainment in the 4th quarter worth about $175,000. Aristides Capital LLC acquired a new stake in Dave & Buster's Entertainment in the 4th quarter worth about $207,000. Finally, Parallax Volatility Advisers L.P. raised its stake in Dave & Buster's Entertainment by 9.3% in the 4th 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 in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLAY has been the topic of several recent analyst reports. Piper Sandler decreased their target price on shares of 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. Truist Financial reduced their target price on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. Loop Capital dropped their price target on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, BMO Capital Markets dropped their price target on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $33.00.

Dave & Buster's Entertainment Stock Down 2.3%

PLAY stock traded down $0.53 during midday trading on Thursday, reaching $21.89. 230,960 shares of the company's stock traded hands, compared to its average volume of 1,457,589. Dave & Buster's Entertainment Inc has a 52 week low of $15.08 and a 52 week high of $52.73. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company has a market cap of $755.98 million, a price-to-earnings ratio of 10.83 and a beta of 1.94. The firm's fifty day moving average price is $19.51 and its 200-day moving average price is $25.05.

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