15,919 Shares in Dave & Buster's Entertainment, Inc. $PLAY Acquired by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP made a new investment in Dave & Buster's Entertainment, Inc. by acquiring 15,919 shares valued at approximately $280,000 in the 1st quarter.
• Several hedge funds increased their holdings in Dave & Buster's, with US Bancorp DE raising its position by an impressive 442.0% during the first quarter.
• Wall Street analysts have raised their price targets for Dave & Buster's stock, with a consensus price target now at $33.83, indicating potential for growth despite recent earnings underperformance.

Aigen Investment Management LP bought a new position in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,919 shares of the restaurant operator's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. US Bancorp DE lifted its holdings in Dave & Buster's Entertainment by 442.0% during the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 1,273 shares during the last quarter. Signaturefd LLC raised its position in shares of Dave & Buster's Entertainment by 1,427.5% in the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after purchasing an additional 3,997 shares during the period. GAMMA Investing LLC lifted its stake in shares of Dave & Buster's Entertainment by 3,974.8% during the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after buying an additional 4,253 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Dave & Buster's Entertainment during the 1st quarter worth about $139,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Dave & Buster's Entertainment by 4,311.6% during the 1st quarter. Headlands Technologies LLC now owns 10,985 shares of the restaurant operator's stock worth $193,000 after buying an additional 10,736 shares during the period. 91.45% of the stock is currently owned by institutional investors.

Insider Transactions at Dave & Buster's Entertainment

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

Analyst Ratings Changes

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

Dave & Buster's Entertainment Price Performance

Shares of Dave & Buster's Entertainment stock traded down $0.32 on Monday, reaching $25.27. 274,352 shares of the stock were exchanged, compared to its average volume of 1,300,541. The firm's 50 day moving average is $30.08 and its 200-day moving average is $24.06. The firm has a market cap of $873.66 million, a PE ratio of 25.04 and a beta of 2.14. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. Dave & Buster's Entertainment, Inc. has a one year low of $15.08 and a one year high of $43.73.

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