Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) by 71,493.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,605 shares of the restaurant operator's stock after acquiring an additional 76,498 shares during the quarter. GAMMA Investing LLC owned 0.20% of Dave & Buster's Entertainment worth $1,346,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Eminence Capital LP grew its position in shares of Dave & Buster's Entertainment by 3.6% during the 4th quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock valued at $112,249,000 after acquiring an additional 135,095 shares during the period. Patient Capital Management LLC boosted its position in Dave & Buster's Entertainment by 36.6% during the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock worth $51,878,000 after purchasing an additional 476,662 shares in the last quarter. Clearline Capital LP grew its holdings in Dave & Buster's Entertainment by 1,768.8% in the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator's stock valued at $33,458,000 after purchasing an additional 1,084,890 shares during the period. NewEdge Wealth LLC grew its holdings in Dave & Buster's Entertainment by 13.4% in the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after purchasing an additional 85,820 shares during the period. Finally, Boston Partners increased its position in shares of Dave & Buster's Entertainment by 132.5% in the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after buying an additional 323,595 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP John Mulleady sold 5,931 shares of the company'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 value of $194,477.49. Following the transaction, the senior vice president now directly owns 42,550 shares in the company, valued at approximately $1,395,214.50. This represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.02% of the company's stock.

Wall Street Analysts Forecast Growth

PLAY has been the topic of a number of recent analyst reports. UBS Group increased their target price on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. Truist Financial lifted 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 report on Wednesday, June 11th. Piper Sandler upped their price target on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. BMO Capital Markets raised 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 research note on Wednesday, June 11th. Finally, Loop Capital boosted their price objective on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Price Performance

PLAY traded down $0.63 during trading on Thursday, reaching $32.06. The company's stock had a trading volume of 1,100,184 shares, compared to its average volume of 1,443,750. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 31.74 and a beta of 2.00. The firm has a fifty day simple moving average of $22.04 and a two-hundred day simple moving average of $23.92. 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 quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69.

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 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 quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. As a group, analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.52 EPS for the current year.

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.