Dynamic Technology Lab Private Ltd Invests $968,000 in Dave & Buster's Entertainment, Inc. $PLAY

Key Points

• Dynamic Technology Lab Private Ltd acquired 55,096 shares of Dave & Buster's Entertainment, valued at approximately $968,000, increasing its ownership to about 0.16% of the company.
• Institutional investors now own 91.45% of Dave & Buster's stock, highlighting strong institutional interest in the company.
• Analysts have varying outlooks on the stock, with price targets ranging from $27.00 to $46.00 and a current consensus rating of "Hold."

Dynamic Technology Lab Private Ltd acquired a new position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 55,096 shares of the restaurant operator's stock, valued at approximately $968,000. Dynamic Technology Lab Private Ltd owned about 0.16% of Dave & Buster's Entertainment at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC acquired a new stake in shares of Dave & Buster's Entertainment in the first quarter worth $430,000. Quantbot Technologies LP acquired a new stake in shares of Dave & Buster's Entertainment in the first quarter worth $419,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Dave & Buster's Entertainment in the first quarter worth $402,000. Sei Investments Co. lifted its stake in shares of Dave & Buster's Entertainment by 4.5% in the first quarter. Sei Investments Co. now owns 121,640 shares of the restaurant operator's stock worth $2,137,000 after buying an additional 5,243 shares during the last quarter. Finally, Boston Partners lifted its stake in shares of Dave & Buster's Entertainment by 1.9% in the first quarter. Boston Partners now owns 578,639 shares of the restaurant operator's stock worth $10,169,000 after buying an additional 10,905 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Trading Down 0.4%

Shares of Dave & Buster's Entertainment stock traded down $0.08 during trading hours on Wednesday, hitting $22.23. The company's stock had a trading volume of 908,537 shares, compared to its average volume of 756,321. Dave & Buster's Entertainment, Inc. has a 12 month low of $15.08 and a 12 month high of $43.73. The stock has a 50 day moving average of $27.79 and a 200 day moving average of $23.96. The company has a market capitalization of $768.71 million, a PE ratio of 22.01 and a beta of 2.04. The company has a debt-to-equity ratio of 10.69, a current ratio of 0.26 and a quick ratio of 0.17.

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

Insider Activity

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

Wall Street Analysts Forecast Growth

PLAY has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Truist Financial reduced their price target on shares of Dave & Buster's Entertainment from $29.00 to $27.00 and set a "hold" rating for the company in a report on Wednesday, August 27th. UBS Group boosted their price target on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. BMO Capital Markets boosted their price target on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, June 11th. Finally, Loop Capital boosted their target price on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Dave & Buster's Entertainment presently has a consensus rating of "Hold" and an average price target of $33.50.

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.