BNP Paribas Financial Markets Sells 165,010 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

BNP Paribas Financial Markets reduced its stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 90.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $47,000. KBC Group NV lifted its holdings in 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 worth $58,000 after purchasing an additional 885 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Dave & Buster's Entertainment in the 4th quarter valued at $175,000. Aristides Capital LLC bought a new stake in Dave & Buster's Entertainment during the 4th quarter valued at approximately $207,000. Finally, Parallax Volatility Advisers L.P. grew its stake in shares of Dave & Buster's Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after acquiring an additional 632 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Stock Up 10.4%

PLAY traded up $2.14 during midday trading on Tuesday, hitting $22.67. The company had a trading volume of 1,263,552 shares, compared to its average volume of 1,462,323. The stock's 50 day moving average price is $19.39 and its 200 day moving average price is $25.08. 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 quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company has a market capitalization of $782.77 million, a price-to-earnings ratio of 11.22 and a beta of 1.94.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Loop Capital lowered their price objective on 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. Piper Sandler dropped their target price on shares of 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. BMO Capital Markets decreased their price objective on shares of 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. Finally, Truist Financial dropped their price target on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus target price of $33.00.

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.