Headlands Technologies LLC Grows Stock Position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)

Headlands Technologies LLC increased its position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) by 4,311.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,985 shares of the restaurant operator's stock after purchasing an additional 10,736 shares during the quarter. Headlands Technologies LLC's holdings in Dave & Buster's Entertainment were worth $193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clearline Capital LP boosted its position in Dave & Buster's Entertainment by 1,768.8% during the 4th quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator's stock valued at $33,458,000 after acquiring an additional 1,084,890 shares in the last quarter. Patient Capital Management LLC boosted its position in Dave & Buster's Entertainment by 36.6% during the 4th quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock valued at $51,878,000 after acquiring an additional 476,662 shares in the last quarter. Woodline Partners LP bought a new stake in Dave & Buster's Entertainment during the 4th quarter valued at $6,702,000. Eminence Capital LP boosted its position in 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 in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Dave & Buster's Entertainment during the 4th quarter valued at $3,677,000. Institutional investors own 91.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PLAY shares. BMO Capital Markets increased their target price 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. Piper Sandler increased their price objective on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Truist Financial increased their price objective on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a report on Wednesday, June 11th. UBS Group increased their price objective on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Finally, Loop Capital increased 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. 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 stock. According to MarketBeat, Dave & Buster's Entertainment has a consensus rating of "Hold" and an average target price of $33.83.

Insiders Place Their Bets

In other news, CEO Tarun Lal bought 8,060 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Tuesday, July 22nd. The stock was bought at an average price of $31.26 per share, for a total transaction of $251,955.60. Following the purchase, the chief executive officer directly owned 8,060 shares of the company's stock, valued at approximately $251,955.60. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John Mulleady sold 5,931 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president owned 42,550 shares of the company's stock, valued at $1,395,214.50. This trade represents a 12.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.02% of the company's stock.

Dave & Buster's Entertainment Stock Performance

PLAY stock traded down $0.13 during midday trading on Friday, reaching $25.87. The stock had a trading volume of 113,609 shares, compared to its average volume of 1,303,630. The stock has a market cap of $894.41 million, a PE ratio of 25.60 and a beta of 2.14. 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 firm has a fifty day simple moving average of $30.04 and a two-hundred day simple moving average of $24.12. Dave & Buster's Entertainment, Inc. has a 52-week low of $15.08 and a 52-week high of $43.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). The firm had revenue of $567.70 million during the quarter, compared to analysts' expectations 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 was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS. As a group, equities research 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.