Dave & Buster's Entertainment, Inc. $PLAY Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Dave & Buster's Entertainment by 16.7%, acquiring an additional 34,935 shares and bringing its total ownership to 243,849 shares valued at approximately $4.28 million.
• Dave & Buster's stock is currently trading down 3.4% and has a market cap of $849.63 million, with a PE ratio of 24.33.
• The company reported earnings per share (EPS) of $0.76 for the last quarter, missing analysts' estimates of $0.96, while revenues fell 3.5% year-over-year.

Invesco Ltd. grew its position in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,849 shares of the restaurant operator's stock after acquiring an additional 34,935 shares during the quarter. Invesco Ltd. owned about 0.71% of Dave & Buster's Entertainment worth $4,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its holdings in shares of Dave & Buster's Entertainment by 442.0% in the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 1,273 shares during the last quarter. Signaturefd LLC grew its stake in Dave & Buster's Entertainment by 1,427.5% in the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after purchasing an additional 3,997 shares during the period. GAMMA Investing LLC grew its stake in Dave & Buster's Entertainment by 3,974.8% in the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock valued at $77,000 after purchasing an additional 4,253 shares during the period. Federated Hermes Inc. bought a new position in Dave & Buster's Entertainment in the 1st quarter valued at $139,000. Finally, Headlands Technologies LLC lifted its position in shares of Dave & Buster's Entertainment by 4,311.6% during the 1st quarter. Headlands Technologies LLC now owns 10,985 shares of the restaurant operator's stock valued at $193,000 after buying an additional 10,736 shares during the last quarter. Institutional investors own 91.45% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler increased their price objective on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" 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 stock a "neutral" rating in a report on Wednesday, June 11th. Loop Capital increased their price objective on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Truist Financial dropped their price objective on Dave & Buster's Entertainment from $29.00 to $27.00 and set a "hold" rating on the stock in a report on Wednesday. Finally, BMO Capital Markets increased their price objective on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 11th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.50.

Insiders Place Their Bets

In other Dave & Buster's Entertainment news, CEO Tarun Lal purchased 8,060 shares of the stock in a transaction on Tuesday, July 22nd. The shares were bought at an average cost of $31.26 per share, with a total value of $251,955.60. Following the completion of the acquisition, the chief executive officer owned 8,060 shares in the company, valued at $251,955.60. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP John Mulleady sold 5,931 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total value of $194,477.49. Following the sale, the senior vice president directly owned 42,550 shares in the company, valued at $1,395,214.50. This represents a 12.23% decrease in their ownership of the stock. 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

Shares of Dave & Buster's Entertainment stock traded up $1.10 during midday trading on Friday, hitting $25.67. The company had a trading volume of 692,184 shares, compared to its average volume of 779,256. The company has a fifty day simple moving average of $28.97 and a 200 day simple moving average of $23.99. The stock has a market cap of $887.57 million, a price-to-earnings ratio of 25.42 and a beta of 2.14. 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, Inc. has a 12-month low of $15.08 and a 12-month high of $43.73.

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). The company had revenue of $567.70 million during 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 firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.99 earnings per share. As a group, analysts predict 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.