87,775 Shares in Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Purchased by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. bought a new stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 87,775 shares of the restaurant operator's stock, valued at approximately $1,542,000. Dave & Buster's Entertainment accounts for approximately 1.5% of M.E. Allison & CO. Inc.'s investment portfolio, making the stock its 17th biggest position. M.E. Allison & CO. Inc. owned about 0.25% of Dave & Buster's Entertainment at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Dave & Buster's Entertainment in the 4th quarter worth approximately $47,000. GAMMA Investing LLC boosted its stake 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. KLP Kapitalforvaltning AS bought a new position in Dave & Buster's Entertainment in the 4th quarter worth approximately $175,000. Aristides Capital LLC bought a new position in Dave & Buster's Entertainment in the 4th quarter worth approximately $207,000. Finally, Parallax Volatility Advisers L.P. boosted 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 during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PLAY shares. Truist Financial upped their price target on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. UBS Group increased their target price on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. BMO Capital Markets increased their target price on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, June 11th. Piper Sandler increased their target price on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. Finally, Loop Capital increased their target price on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Dave & Buster's Entertainment currently has an average rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY opened at $30.17 on Monday. The stock's fifty day moving average is $21.12 and its 200 day moving average is $23.85. Dave & Buster's Entertainment Inc has a fifty-two week low of $15.08 and a fifty-two week high of $44.54. The firm has a market capitalization of $1.04 billion, a PE ratio of 14.94 and a beta of 2.00. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.20). Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company had revenue of $567.70 million for the quarter, compared to analysts' expectations of $572.12 million. During the same quarter in the previous year, the company posted $0.99 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current 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.

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