Hennessy Advisors Inc. Trims Stake in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)

Hennessy Advisors Inc. reduced its stake in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 140,800 shares of the restaurant operator's stock after selling 16,100 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.41% of Dave & Buster's Entertainment worth $2,474,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Clare Market Investments LLC bought a new position in shares of Dave & Buster's Entertainment in the fourth quarter worth approximately $540,000. Quinn Opportunity Partners LLC purchased a new position in shares of Dave & Buster's Entertainment during the 4th quarter valued at $1,943,000. Raymond James Financial Inc. bought a new position in Dave & Buster's Entertainment in the 4th quarter worth $3,677,000. Principal Financial Group Inc. increased its stake in Dave & Buster's Entertainment by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock worth $4,480,000 after buying an additional 3,494 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Dave & Buster's Entertainment by 50.7% in the 4th quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator's stock worth $6,209,000 after buying an additional 71,520 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Dave & Buster's Entertainment Price Performance

NASDAQ:PLAY traded down $0.81 during trading hours on Wednesday, reaching $31.88. The stock had a trading volume of 611,878 shares, compared to its average volume of 1,442,981. The stock has a market capitalization of $1.10 billion, a PE ratio of 31.46 and a beta of 2.00. Dave & Buster's Entertainment, Inc. has a 52 week low of $15.08 and a 52 week high of $44.51. The company has a 50 day moving average price of $21.75 and a two-hundred day moving average price of $23.87. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share 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 business had revenue of $567.70 million during the quarter, compared to the consensus estimate of $572.12 million. During the same quarter in the prior year, the firm posted $0.99 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share 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.