Cibc World Market Inc. acquired a new stake in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 184,000 shares of the restaurant operator's stock, valued at approximately $2,098,000. Cibc World Market Inc. owned about 0.53% 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. Advisory Services Network LLC purchased a new position in shares of Dave & Buster's Entertainment in the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its position in shares of Dave & Buster's Entertainment by 616.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator's stock valued at $31,000 after acquiring an additional 1,671 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in Dave & Buster's Entertainment during the second quarter worth $33,000. Leonteq Securities AG bought a new stake in Dave & Buster's Entertainment during the fourth quarter worth $42,000. Finally, Quadrant Capital Group LLC purchased a new position in Dave & Buster's Entertainment in the third quarter worth $104,000. Institutional investors own 91.45% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research report on Friday, July 17th. Citigroup assumed coverage on shares of Dave & Buster's Entertainment in a report on Monday, June 29th. They issued a "market perform" rating on the stock. UBS Group reduced their price target on shares of Dave & Buster's Entertainment from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Tuesday, June 16th. BMO Capital Markets decreased their price objective on shares of Dave & Buster's Entertainment from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Tuesday, June 16th. Finally, Citizens Jmp initiated coverage on shares of Dave & Buster's Entertainment in a research report on Monday, June 29th. They issued a "market perform" rating on the stock. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.33.
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Dave & Buster's Entertainment Stock Down 2.1%
PLAY stock opened at $9.86 on Thursday. The stock has a fifty day moving average of $10.57 and a 200-day moving average of $12.08. Dave & Buster's Entertainment, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $26.31. The company has a market capitalization of $343.03 million, a price-to-earnings ratio of -5.22 and a beta of 1.86. The company has a debt-to-equity ratio of 15.01, a quick ratio of 0.20 and a current ratio of 0.29.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.38). The firm had revenue of $559.20 million during the quarter, compared to the consensus estimate of $580.60 million. Dave & Buster's Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%. The company's revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. As a group, equities research analysts predict that Dave & Buster's Entertainment, Inc. will post -1.1 earnings per share for the current year.
Dave & Buster's Entertainment Company Profile
(
Free Report)
Dave & Buster's Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.
The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.
See Also
Want to see what other hedge funds are holding PLAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report).
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