Bank of America Corp DE Buys 71,520 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Bank of America Corp DE boosted its position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,720 shares of the restaurant operator's stock after buying an additional 71,520 shares during the quarter. Bank of America Corp DE owned approximately 0.55% of Dave & Buster's Entertainment worth $6,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of PLAY. NewEdge Wealth LLC boosted its stake in shares of Dave & Buster's Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after purchasing an additional 85,820 shares during the period. Boston Partners boosted its stake in shares of Dave & Buster's Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after purchasing an additional 323,595 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Dave & Buster's Entertainment by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator's stock valued at $13,775,000 after purchasing an additional 9,733 shares during the period. Northern Trust Corp boosted its stake in shares of 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 valued at $10,853,000 after purchasing an additional 36,785 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Dave & Buster's Entertainment by 72.3% during the fourth quarter. Russell Investments Group Ltd. now owns 338,635 shares of the restaurant operator's stock valued at $9,885,000 after purchasing an additional 142,045 shares during the period. Hedge funds and other institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Trading Down 0.7%

PLAY stock traded down $0.15 on Friday, reaching $21.96. The company's stock had a trading volume of 597,094 shares, compared to its average volume of 1,458,360. The business has a fifty day simple moving average of $19.56 and a two-hundred day simple moving average of $24.68. Dave & Buster's Entertainment Inc has a 12-month low of $15.08 and a 12-month high of $52.73. The firm has a market cap of $758.26 million, a PE ratio of 10.87 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 (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm's quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. As a group, research analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Truist Financial dropped their price objective on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research note on Wednesday, April 2nd. Piper Sandler dropped their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Loop Capital dropped 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. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.