Dave & Buster's Entertainment, Inc. $PLAY Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,522,604 shares of the restaurant operator's stock after selling 758,877 shares during the period. Vanguard Group Inc. owned 10.21% of Dave & Buster's Entertainment worth $61,892,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Dave & Buster's Entertainment by 1,427.5% during the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock worth $75,000 after purchasing an additional 3,997 shares during the last quarter. M.E. Allison & CO. Inc. acquired a new position in Dave & Buster's Entertainment during the first quarter worth about $1,542,000. GAMMA Investing LLC boosted its position in Dave & Buster's Entertainment by 71,493.5% during the first quarter. GAMMA Investing LLC now owns 76,605 shares of the restaurant operator's stock worth $1,346,000 after acquiring an additional 76,498 shares during the last quarter. Bank of America Corp DE boosted its position in Dave & Buster's Entertainment by 50.7% during the fourth quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator's stock worth $6,209,000 after acquiring an additional 71,520 shares during the last quarter. Finally, Northern Trust Corp boosted its position in 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 worth $10,853,000 after acquiring an additional 36,785 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY opened at $25.34 on Monday. The company has a debt-to-equity ratio of 10.69, a current ratio of 0.26 and a quick ratio of 0.17. The firm has a market capitalization of $876.26 million, a price-to-earnings ratio of 25.09 and a beta of 2.14. The company's 50-day moving average is $29.68 and its two-hundred day moving average is $23.98. Dave & Buster's Entertainment, Inc. has a 1-year low of $15.08 and a 1-year high of $43.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). Dave & Buster's Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The company had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. Dave & Buster's Entertainment's revenue was down 3.5% on a year-over-year basis. Analysts forecast that Dave & Buster's Entertainment, Inc. will post 2.52 EPS for the current year.

Insider Transactions at Dave & Buster's Entertainment

In other Dave & Buster's Entertainment news, SVP John Mulleady sold 5,931 shares of Dave & Buster's Entertainment stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $32.79, for a total transaction of $194,477.49. Following the completion of the sale, the senior vice president directly owned 42,550 shares in the company, valued at $1,395,214.50. This trade represents a 12.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarun Lal purchased 8,060 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were bought at an average price of $31.26 per share, with a total value of $251,955.60. Following the completion of the transaction, the chief executive officer owned 8,060 shares of the company's stock, valued at approximately $251,955.60. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.02% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLAY. Loop Capital boosted their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. UBS Group boosted their price target on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. BMO Capital Markets lifted their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 11th. Truist Financial boosted their target price on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a report on Wednesday, June 11th. Finally, Piper Sandler boosted their target price on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Dave & Buster's Entertainment has an average rating of "Hold" and an average price target of $33.83.

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.

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