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

GAMMA Investing LLC boosted its position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 71,493.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PLAY. Clare Market Investments LLC acquired a new position in shares of Dave & Buster's Entertainment during the fourth quarter worth about $540,000. Quinn Opportunity Partners LLC acquired a new position in Dave & Buster's Entertainment during the 4th quarter worth approximately $1,943,000. Raymond James Financial Inc. purchased a new position in Dave & Buster's Entertainment in the 4th quarter worth approximately $3,677,000. Principal Financial Group Inc. grew its position in Dave & Buster's Entertainment by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock valued at $4,480,000 after acquiring an additional 3,494 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Dave & Buster's Entertainment by 50.7% during the fourth quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator's stock valued at $6,209,000 after purchasing an additional 71,520 shares during the period. Hedge funds and other institutional investors own 91.45% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PLAY shares. BMO Capital Markets upped 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. UBS Group upped their price objective on shares of 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 Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a research report on Wednesday, June 11th. Piper Sandler boosted their price target on 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. Finally, 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 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 assigned a buy rating to the company. According to MarketBeat, Dave & Buster's Entertainment has a consensus rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Stock Up 8.0%

Shares of PLAY stock traded up $2.40 during trading hours on Monday, hitting $32.57. 1,581,768 shares of the company were exchanged, compared to its average volume of 1,446,245. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 16.12 and a beta of 2.00. Dave & Buster's Entertainment Inc has a one year low of $15.08 and a one year high of $44.54. The business's 50-day simple moving average is $21.12 and its two-hundred day simple moving average is $23.85. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate of $572.12 million. During the same period in the prior year, the business earned $0.99 EPS. The company's quarterly revenue was down 3.5% on a year-over-year basis. Sell-side analysts predict that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal 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.