Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 90.9% during the 4th quarter, according to its most recent Form 13F 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 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.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster's Entertainment in the 4th quarter valued at about $47,000. KBC Group NV boosted its position in shares of Dave & Buster's Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after acquiring an additional 885 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Dave & Buster's Entertainment in the fourth quarter valued at approximately $175,000. Aristides Capital LLC acquired a new position in Dave & Buster's Entertainment during the fourth quarter worth approximately $207,000. Finally, Parallax Volatility Advisers L.P. increased its position in Dave & Buster's Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after purchasing an additional 632 shares during the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster's Entertainment Stock Down 1.4%

NASDAQ:PLAY traded down $0.31 during mid-day trading on Thursday, hitting $22.11. The company had a trading volume of 1,058,784 shares, compared to its average volume of 1,463,215. The business has a fifty day simple moving average of $19.53 and a 200-day simple moving average of $24.92. The firm has a market capitalization of $763.44 million, a price-to-earnings ratio of 10.95 and a beta of 1.94. Dave & Buster's Entertainment Inc has a 1 year low of $15.08 and a 1 year 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 posted its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $534.50 million during the quarter, compared to analyst estimates of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. Equities analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Truist Financial decreased 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 report on Wednesday, April 2nd. Piper Sandler reduced their target price on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets dropped their price target on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Loop Capital cut their price objective on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and an average price target 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.