Easterly Investment Partners LLC Purchases 44,542 Shares of 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.

Other institutional investors have also recently bought and sold shares of the company. Schwarz Dygos Wheeler Investment Advisors LLC raised its position in shares of Dave & Buster's Entertainment by 21.6% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,940 shares of the restaurant operator's stock valued at $227,000 after acquiring an additional 2,300 shares during the last quarter. Signaturefd LLC grew its stake in shares of Dave & Buster's Entertainment by 1,427.5% during the first 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 period. M.E. Allison & CO. Inc. acquired a new stake in shares of Dave & Buster's Entertainment during the first quarter worth $1,542,000. GAMMA Investing LLC grew its stake 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 worth $77,000 after purchasing an additional 4,253 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth $1,580,000. Institutional investors own 91.45% of the company's stock.

Analysts Set New Price Targets

PLAY has been the subject of a number of analyst reports. UBS Group lifted their price objective on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Loop Capital raised their price objective 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 target price on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a research note on Wednesday, June 11th. BMO Capital Markets raised their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, June 11th. Finally, Piper Sandler raised 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 research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $33.83.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY traded up $0.43 during mid-day trading on Friday, hitting $29.95. The stock had a trading volume of 657,224 shares, compared to its average volume of 1,428,110. The company's 50 day simple moving average is $27.28 and its 200 day simple moving average is $23.99. 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 stock has a market cap of $1.04 billion, a price-to-earnings ratio of 29.65 and a beta of 2.08. Dave & Buster's Entertainment, Inc. has a twelve month low of $15.08 and a twelve month high of $43.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data 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). Dave & Buster's Entertainment had a return on equity of 40.67% and a net margin of 1.83%. The company had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. During the same quarter last year, the business earned $0.99 earnings per share. The company's revenue was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share for the current year.

Insider Buying and Selling at Dave & Buster's Entertainment

In related news, SVP John Mulleady sold 5,931 shares of Dave & Buster's Entertainment 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 transaction, the senior vice president directly owned 42,550 shares of the company's stock, 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 SEC, which is available through this link. Insiders own 2.02% of the company's stock.

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.