Dynamic Technology Lab Private Ltd Buys New Position 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 purchased a new stake in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 55,096 shares of the restaurant operator's stock, valued at approximately $968,000. Dynamic Technology Lab Private Ltd owned 0.16% of Dave & Buster's Entertainment as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler upped their price target on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. Truist Financial decreased their price objective on shares of Dave & Buster's Entertainment from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, August 27th. UBS Group upped their price objective 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 upped their price objective on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 11th. Finally, Loop Capital upped their price objective 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. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $33.50.

Insider Buying and Selling

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

Dave & Buster's Entertainment Price Performance

PLAY traded up $0.61 during midday trading on Friday, hitting $23.64. The stock had a trading volume of 1,890,942 shares, compared to its average volume of 788,451. The company has a market cap of $817.47 million, a P/E ratio of 23.41 and a beta of 2.04. Dave & Buster's Entertainment, Inc. has a 1 year low of $15.08 and a 1 year high of $43.73. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. The business has a fifty day moving average of $27.36 and a 200 day moving average of $23.97.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $567.70 million for the quarter, compared to analysts' expectations of $572.12 million. Dave & Buster's Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. As a group, equities analysts forecast that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

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.