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

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

Several other hedge funds have also recently modified their holdings of PLAY. Parallax Volatility Advisers L.P. grew its holdings in shares of 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 valued at $217,000 after acquiring an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Dave & Buster's Entertainment by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock valued at $537,000 after purchasing an additional 728 shares during the period. KBC Group NV grew its stake in Dave & Buster's Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 885 shares during the period. MetLife Investment Management LLC increased its position in shares of Dave & Buster's Entertainment by 7.7% during the 4th quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock valued at $602,000 after purchasing an additional 1,479 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Dave & Buster's Entertainment during the 4th quarter worth $47,000. Institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Performance

Shares of PLAY traded up $2.14 during trading hours on Tuesday, hitting $22.67. The company's stock had a trading volume of 1,263,552 shares, compared to its average volume of 1,462,323. The business has a 50 day simple moving average of $19.39 and a two-hundred day simple moving average of $25.08. 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 debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The company has a market cap of $782.77 million, a price-to-earnings ratio of 11.22 and a beta of 1.94.

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. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. During the same period last year, the firm earned $0.88 EPS. Dave & Buster's Entertainment's revenue for the quarter was down 10.8% on a year-over-year basis. On average, equities analysts expect that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLAY has been the topic of a number of research analyst reports. Truist Financial reduced 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. Piper Sandler dropped 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 research note on Tuesday, April 8th. Loop Capital decreased their price target on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, BMO Capital Markets lowered 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 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.