Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 183,455 Dave & Buster's Entertainment, Inc. $PLAY

Connor Clark & Lunn Investment Management Ltd. bought a new position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 183,455 shares of the restaurant operator's stock, valued at approximately $2,091,000. Connor Clark & Lunn Investment Management Ltd. owned 0.53% of Dave & Buster's Entertainment at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PLAY. ING Groep NV purchased a new position in Dave & Buster's Entertainment during the 4th quarter worth approximately $7,311,000. GSA Capital Partners LLP purchased a new stake in shares of Dave & Buster's Entertainment in the second quarter valued at $1,228,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Dave & Buster's Entertainment by 40.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,515,000 shares of the restaurant operator's stock worth $24,558,000 after buying an additional 434,000 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in shares of Dave & Buster's Entertainment in the second quarter worth $2,101,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at $7,359,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster's Entertainment Stock Up 2.4%

Dave & Buster's Entertainment stock opened at $9.40 on Friday. Dave & Buster's Entertainment, Inc. has a fifty-two week low of $9.10 and a fifty-two week high of $25.69. The company has a debt-to-equity ratio of 15.01, a current ratio of 0.29 and a quick ratio of 0.20. The firm has a market cap of $327.03 million, a price-to-earnings ratio of -4.97 and a beta of 1.86. The firm has a fifty day moving average price of $10.46 and a two-hundred day moving average price of $11.99.

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 the consensus estimate of $0.60 by ($0.38). The company had revenue of $559.20 million during the quarter, compared to analyst estimates of $580.60 million. Dave & Buster's Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The company's revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 EPS. As a group, analysts forecast that Dave & Buster's Entertainment, Inc. will post -1.1 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group lowered their target price on Dave & Buster's Entertainment from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 16th. BMO Capital Markets cut their price objective on 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. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research note on Friday, July 17th. Citizens Jmp assumed coverage on Dave & Buster's Entertainment in a report on Monday, June 29th. They set a "market perform" rating for the company. Finally, Citigroup initiated coverage on Dave & Buster's Entertainment in a research note on Monday, June 29th. They issued a "market perform" rating for the company. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $19.33.

Dave & Buster's Entertainment Company Profile

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.

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