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

Bank of America Corp DE boosted its stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 212,720 shares of the restaurant operator's stock after acquiring 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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Dave & Buster's Entertainment during the 4th quarter worth about $47,000. KBC Group NV grew its holdings in Dave & Buster's Entertainment by 81.3% during the 4th 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 bought a new stake in Dave & Buster's Entertainment during the 4th quarter worth about $175,000. Aristides Capital LLC bought a new stake in Dave & Buster's Entertainment during the 4th quarter worth about $207,000. Finally, Parallax Volatility Advisers L.P. grew its holdings in Dave & Buster's Entertainment by 9.3% during the 4th 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. Institutional investors own 91.45% of the company's stock.

Analyst Ratings Changes

PLAY has been the topic of a number of research reports. Loop Capital cut their target price on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research report 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 on the stock in a report on Tuesday, April 8th. Truist Financial dropped their target price 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. Finally, BMO Capital Markets decreased 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 research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $33.00.

Dave & Buster's Entertainment Stock Performance

Dave & Buster's Entertainment stock traded down $0.25 during mid-day trading on Wednesday, hitting $22.42. 937,797 shares of the company's stock traded hands, compared to its average volume of 1,462,409. The firm has a 50 day simple moving average of $19.46 and a two-hundred day simple moving average of $25.07. Dave & Buster's Entertainment Inc has a fifty-two week low of $15.08 and a fifty-two week high of $52.73. The stock has a market cap of $774.14 million, a price-to-earnings ratio of 11.10 and a beta of 1.94. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The business had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. During the same quarter last year, the firm posted $0.88 EPS. The company's quarterly 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 EPS for the current fiscal year.

Dave & Buster's Entertainment 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.