BNP Paribas Financial Markets Trims Stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

BNP Paribas Financial Markets cut its stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 90.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,432 shares of the restaurant operator's stock after selling 165,010 shares during the quarter. BNP Paribas Financial Markets' holdings in Dave & Buster's Entertainment were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in Dave & Buster's Entertainment by 7.1% during the fourth quarter. Ameriprise Financial Inc. now owns 123,246 shares of the restaurant operator's stock valued at $3,598,000 after acquiring an additional 8,159 shares during the period. Bienville Capital Management LLC lifted its holdings in shares of Dave & Buster's Entertainment by 72.6% during the fourth quarter. Bienville Capital Management LLC now owns 134,651 shares of the restaurant operator's stock valued at $3,930,000 after acquiring an additional 56,651 shares during the period. Northern Trust Corp grew its stake in Dave & Buster's Entertainment by 11.0% during the fourth quarter. Northern Trust Corp now owns 371,818 shares of the restaurant operator's stock worth $10,853,000 after buying an additional 36,785 shares during the last quarter. Parallax Volatility Advisers L.P. increased its holdings in Dave & Buster's Entertainment by 9.3% during the 4th quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after purchasing an additional 632 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Dave & Buster's Entertainment by 9.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,682 shares of the restaurant operator's stock valued at $750,000 after buying an additional 2,244 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Loop Capital reduced their target price on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Truist Financial cut their price target on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. Piper Sandler reduced their price target on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Dave & Buster's Entertainment currently has an average rating of "Hold" and an average target price of $33.00.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY traded down $0.11 during mid-day trading on Thursday, hitting $22.31. The stock had a trading volume of 123,517 shares, compared to its average volume of 1,382,028. The company's 50 day simple moving average is $19.51 and its 200 day simple moving average is $25.05. The stock has a market cap of $770.34 million, a price-to-earnings ratio of 11.04 and a beta of 1.94. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster's Entertainment Inc has a twelve month low of $15.08 and a twelve month high of $52.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping the consensus estimate 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 company had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. During the same period in the previous year, the company posted $0.88 EPS. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. On average, equities research analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current 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.