M.E. Allison & CO. Inc. Takes $1.54 Million Position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)

M.E. Allison & CO. Inc. acquired a new position in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 87,775 shares of the restaurant operator's stock, valued at approximately $1,542,000. Dave & Buster's Entertainment makes up 1.5% of M.E. Allison & CO. Inc.'s portfolio, making the stock its 17th biggest position. M.E. Allison & CO. Inc. owned about 0.25% of Dave & Buster's Entertainment as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 acquiring an additional 632 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Dave & Buster's Entertainment by 4.1% in the fourth 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. MetLife Investment Management LLC raised its stake in shares of Dave & Buster's Entertainment by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock worth $602,000 after purchasing an additional 1,479 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster's Entertainment in the fourth quarter valued at approximately $47,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in Dave & Buster's Entertainment by 19.0% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator's stock worth $311,000 after buying an additional 1,700 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Dave & Buster's Entertainment

In other Dave & Buster's Entertainment news, SVP John Mulleady sold 5,931 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total value of $194,477.49. Following the transaction, the senior vice president now owns 42,550 shares in the company, valued at approximately $1,395,214.50. This trade represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.02% of the company's stock.

Dave & Buster's Entertainment Price Performance

PLAY traded down $0.63 during trading on Thursday, hitting $32.06. The company's stock had a trading volume of 1,100,184 shares, compared to its average volume of 1,443,750. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 31.74 and a beta of 2.00. Dave & Buster's Entertainment, Inc. has a twelve month low of $15.08 and a twelve month high of $43.73. The business's fifty day simple moving average is $22.04 and its 200 day simple moving average is $23.92. The company has a current ratio of 0.26, a quick ratio of 0.17 and a debt-to-equity ratio of 10.69.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). The company had revenue of $567.70 million during the quarter, compared to analysts' expectations of $572.12 million. Dave & Buster's Entertainment had a return on equity of 40.67% and a net margin of 1.83%. Dave & Buster's Entertainment's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. On average, equities research analysts forecast that Dave & Buster's Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

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.