Easterly Investment Partners LLC Grows Stake in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)

Easterly Investment Partners LLC increased its stake in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) by 118.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,083 shares of the restaurant operator's stock after purchasing an additional 44,542 shares during the period. Easterly Investment Partners LLC owned 0.24% of Dave & Buster's Entertainment worth $1,442,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PLAY. Signaturefd LLC lifted its holdings 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 acquiring an additional 3,997 shares during the period. GAMMA Investing LLC grew its holdings in shares of Dave & Buster's Entertainment by 3,974.8% during the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock valued at $77,000 after buying an additional 4,253 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Dave & Buster's Entertainment during the fourth quarter worth $175,000. Aristides Capital LLC bought a new position in shares of Dave & Buster's Entertainment during the 4th quarter worth $207,000. Finally, Parallax Volatility Advisers L.P. increased its holdings in shares of Dave & Buster's Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after purchasing an additional 632 shares during the period. Institutional investors own 91.45% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on PLAY. BMO Capital Markets increased their price objective on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, June 11th. Loop Capital increased their price target on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Truist Financial raised their price objective on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a research report on Wednesday, June 11th. Piper Sandler lifted 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. Finally, UBS Group upped their target price on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. One research 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's stock. According to data from MarketBeat, Dave & Buster's Entertainment currently has an average rating of "Hold" and an average target price of $33.83.

Insider Transactions at Dave & Buster's Entertainment

In other news, SVP John Mulleady sold 5,931 shares of the company's 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 transaction, the senior vice president directly owned 42,550 shares of the company's stock, valued at approximately $1,395,214.50. This represents a 12.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.02% of the company's stock.

Dave & Buster's Entertainment Stock Up 1.9%

NASDAQ:PLAY traded up $0.58 during mid-day trading on Monday, hitting $30.53. The company had a trading volume of 596,273 shares, compared to its average volume of 1,426,672. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 30.23 and a beta of 2.08. 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 current ratio of 0.26, a quick ratio of 0.17 and a debt-to-equity ratio of 10.69. The business has a fifty day simple moving average of $27.49 and a 200-day simple moving average of $23.92.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). The business had revenue of $567.70 million during 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 business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. 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.