Barrow Hanley Mewhinney & Strauss LLC Has $39.66 Million Stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,358,782 shares of the restaurant operator's stock after selling 63,261 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 3.53% of Dave & Buster's Entertainment worth $39,663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLAY. SBI Securities Co. Ltd. acquired a new stake in shares of Dave & Buster's Entertainment in the 4th quarter valued at about $47,000. KBC Group NV grew its holdings in shares of 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 acquiring an additional 885 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Dave & Buster's Entertainment in the 4th quarter valued at about $175,000. Aristides Capital LLC bought a new position in shares of Dave & Buster's Entertainment in the 4th quarter valued at about $207,000. Finally, Parallax Volatility Advisers L.P. grew its holdings in shares of 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 valued at $217,000 after acquiring an additional 632 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.

Dave & Buster's Entertainment Trading Up 3.8%

Dave & Buster's Entertainment stock opened at $20.91 on Friday. 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 quick ratio of 0.19 and a current ratio of 0.29. The stock has a market capitalization of $722.00 million, a P/E ratio of 10.35 and a beta of 1.94. The stock has a 50-day simple moving average of $19.32 and a 200 day simple moving average of $25.55.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The business had revenue of $534.50 million during the quarter, compared to analysts' expectations of $548.77 million. During the same quarter last year, the company posted $0.88 earnings per share. Dave & Buster's Entertainment's quarterly revenue was down 10.8% on a year-over-year basis. Analysts expect that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current year.

Analysts Set New Price Targets

PLAY has been the subject of several analyst reports. BMO Capital Markets decreased their price objective on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Loop Capital decreased their price objective on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Piper Sandler decreased their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial decreased their price objective on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.

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