Jennison Associates LLC Takes Position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)

Jennison Associates LLC acquired a new position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,591 shares of the restaurant operator's stock, valued at approximately $555,000. Jennison Associates LLC owned approximately 0.09% of Dave & Buster's Entertainment at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Dave & Buster's Entertainment by 1,427.5% in the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock worth $75,000 after acquiring an additional 3,997 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Dave & Buster's Entertainment by 3,974.8% in the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after acquiring an additional 4,253 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Dave & Buster's Entertainment in the fourth quarter worth $175,000. Aristides Capital LLC purchased a new stake in shares of Dave & Buster's Entertainment during the fourth quarter valued at $207,000. Finally, Parallax Volatility Advisers L.P. boosted its position in shares of Dave & Buster's Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after buying an additional 632 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLAY has been the topic of several recent analyst reports. 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 research report on Wednesday, June 11th. Piper Sandler raised their target price on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. BMO Capital Markets raised their target price on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 11th. Truist Financial raised their price objective 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. Finally, 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Dave & Buster's Entertainment currently has an average rating of "Hold" and an average target price of $33.83.

Insider Buying and Selling at Dave & Buster's Entertainment

In related news, SVP John Mulleady sold 5,931 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $32.79, for a total value of $194,477.49. Following the completion of the sale, the senior vice president directly owned 42,550 shares of the company's stock, valued at $1,395,214.50. This represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarun Lal purchased 8,060 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was acquired at an average cost of $31.26 per share, with a total value of $251,955.60. Following the transaction, the chief executive officer directly owned 8,060 shares in the company, valued at approximately $251,955.60. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.02% of the company's stock.

Dave & Buster's Entertainment Trading Up 2.8%

PLAY stock traded up $0.89 during midday trading on Friday, reaching $32.84. The company's stock had a trading volume of 1,122,240 shares, compared to its average volume of 954,851. Dave & Buster's Entertainment, Inc. has a 1 year low of $15.08 and a 1 year high of $43.73. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 32.52 and a beta of 2.08. The stock has a fifty day simple moving average of $28.50 and a two-hundred day simple moving average of $24.04. 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 issued 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 40.67% and a net margin of 1.83%. The company 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 company earned $0.99 earnings per share. Dave & Buster's Entertainment's revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict 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.