UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 13,309 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,867 shares of the restaurant operator's stock after buying an additional 13,309 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Dave & Buster's Entertainment worth $2,098,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PLAY. SBI Securities Co. Ltd. acquired a new stake in shares of Dave & Buster's Entertainment during the 4th quarter valued at $47,000. KBC Group NV lifted its holdings in shares of Dave & Buster's Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 885 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Dave & Buster's Entertainment during the fourth quarter valued at $175,000. Aristides Capital LLC acquired a new position in shares of Dave & Buster's Entertainment in the 4th quarter valued at $207,000. Finally, Parallax Volatility Advisers L.P. increased its stake in 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 worth $217,000 after purchasing an additional 632 shares in the last quarter. Institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Up 7.2%

Shares of NASDAQ PLAY traded up $1.72 during trading hours on Monday, hitting $25.57. The stock had a trading volume of 1,880,929 shares, compared to its average volume of 1,457,049. The firm's 50-day moving average price is $19.95 and its two-hundred day moving average price is $24.12. Dave & Buster's Entertainment Inc has a 52 week low of $15.08 and a 52 week high of $51.27. The company has a market capitalization of $882.91 million, a P/E ratio of 12.66 and a beta of 2.00. 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 (NASDAQ:PLAY - Get Free Report) last posted 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 net margin of 3.88% and a return on equity of 44.22%. 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 firm posted $0.88 earnings per share. The company's revenue for the quarter was down 10.8% compared to the same quarter last year. Analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on PLAY shares. Truist Financial raised their target price on shares of Dave & Buster's Entertainment from $18.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday. Piper Sandler cut their target price on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets decreased their target price on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Loop Capital reduced their price objective on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $33.17.

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.