Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Stock Holdings Lowered by BNP Paribas Financial Markets

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

A number of other hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. raised its stake in shares of Dave & Buster's Entertainment by 7.1% in the 4th 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 raised its stake in shares of Dave & Buster's Entertainment by 72.6% in the 4th 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 raised its stake in shares of Dave & Buster's Entertainment by 11.0% in the 4th quarter. Northern Trust Corp now owns 371,818 shares of the restaurant operator's stock valued at $10,853,000 after acquiring an additional 36,785 shares during the period. Parallax Volatility Advisers L.P. raised its stake 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 during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Dave & Buster's Entertainment by 9.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,682 shares of the restaurant operator's stock valued at $750,000 after acquiring an additional 2,244 shares during the period. Hedge funds and other institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY traded down $0.47 during mid-day trading on Wednesday, hitting $22.20. The stock had a trading volume of 381,021 shares, compared to its average volume of 1,458,069. The stock has a market capitalization of $766.47 million, a price-to-earnings ratio of 11.01 and a beta of 1.94. The company has a 50 day simple moving average of $19.46 and a 200-day simple moving average of $25.07. 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 current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

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 EPS for the quarter, topping 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 the consensus estimate of $548.77 million. During the same period in the previous year, the firm earned $0.88 EPS. Dave & Buster's Entertainment's revenue was down 10.8% on a year-over-year basis. On average, research analysts expect that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler lowered their price target on shares of 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. Loop Capital lowered their price target on shares of 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. Truist Financial lowered their price target on shares of 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. Finally, BMO Capital Markets lowered their price target 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. 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $33.00.

Dave & Buster's Entertainment Company 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.