Hennessy Advisors Inc. Sells 16,100 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Hennessy Advisors Inc. decreased its stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 10.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,800 shares of the restaurant operator's stock after selling 16,100 shares during the period. Hennessy Advisors Inc. owned 0.41% of Dave & Buster's Entertainment worth $2,474,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PLAY. Rhumbline Advisers grew its holdings in shares of Dave & Buster's Entertainment by 3.9% in the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator's stock valued at $2,880,000 after acquiring an additional 3,730 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Dave & Buster's Entertainment by 2.3% during the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock worth $4,480,000 after purchasing an additional 3,494 shares during the period. Hussman Strategic Advisors Inc. grew its holdings in Dave & Buster's Entertainment by 33.3% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the restaurant operator's stock worth $1,226,000 after purchasing an additional 10,500 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Dave & Buster's Entertainment by 34.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator's stock worth $662,000 after purchasing an additional 5,854 shares during the period. Finally, NewEdge Wealth LLC grew its holdings in Dave & Buster's Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock worth $21,235,000 after purchasing an additional 85,820 shares during the period. Institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Performance

Shares of NASDAQ:PLAY traded down $0.52 during trading on Friday, reaching $30.17. 1,443,422 shares of the stock were exchanged, compared to its average volume of 1,445,700. Dave & Buster's Entertainment Inc has a 12 month low of $15.08 and a 12 month high of $44.54. The firm has a market cap of $1.04 billion, a PE ratio of 14.94 and a beta of 2.00. The stock has a 50-day moving average price of $21.12 and a 200-day moving average price of $23.95. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $567.70 million during the quarter, compared to the consensus estimate of $572.12 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. Research analysts expect that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLAY has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday. BMO Capital Markets lifted their price target on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday. UBS Group lifted their price target on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday. Loop Capital lifted their price target on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Truist Financial boosted their price objective on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $33.83.

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.