Landscape Capital Management L.L.C. Purchases Shares of 184,305 Dave & Buster's Entertainment, Inc. $PLAY

Key Points

• Landscape Capital Management acquired 184,305 shares of Dave & Buster’s Entertainment, valued at approximately $2.1 million, giving it a 0.53% stake. Institutional investors collectively own 91.45% of the company.
• Analyst sentiment remains mixed, with two Buy, five Hold, and two Sell ratings; the consensus rating is Hold with a $19.33 price target.
• Dave & Buster’s reported quarterly EPS of $0.22, missing estimates of $0.60, while revenue of $559.2 million also fell short of expectations and declined 1.5% year over year. Shares opened at $10.25, near their 52-week low.

Landscape Capital Management L.L.C. acquired a new position in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 184,305 shares of the restaurant operator's stock, valued at approximately $2,101,000. Landscape Capital Management L.L.C. owned 0.53% of Dave & Buster's Entertainment as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Dave & Buster's Entertainment in the second quarter valued at about $36,725,000. Nomura Holdings Inc. increased its stake in Dave & Buster's Entertainment by 532.9% during the third quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator's stock valued at $43,787,000 after acquiring an additional 2,030,186 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Dave & Buster's Entertainment by 40.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,515,000 shares of the restaurant operator's stock valued at $24,558,000 after acquiring an additional 434,000 shares during the period. Goldman Sachs Group Inc. raised its holdings in Dave & Buster's Entertainment by 22.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,511,591 shares of the restaurant operator's stock valued at $24,503,000 after acquiring an additional 276,064 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Dave & Buster's Entertainment by 44.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator's stock worth $16,351,000 after acquiring an additional 468,174 shares during the period. Institutional investors own 91.45% of the company's stock.

Analyst Ratings Changes

PLAY has been the topic of several recent research reports. UBS Group decreased their price objective on Dave & Buster's Entertainment from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, June 16th. Citigroup began coverage on Dave & Buster's Entertainment in a research note on Monday, June 29th. They issued a "market perform" rating for the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research report on Friday, July 17th. Citizens Jmp began coverage on shares of Dave & Buster's Entertainment in a research note on Monday, June 29th. They set a "market perform" rating on the stock. Finally, BMO Capital Markets lowered their price target on shares of Dave & Buster's Entertainment from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus price target of $19.33.

Dave & Buster's Entertainment Stock Up 4.1%

Shares of NASDAQ PLAY opened at $10.25 on Friday. Dave & Buster's Entertainment, Inc. has a 52-week low of $9.40 and a 52-week high of $26.31. The company has a debt-to-equity ratio of 15.01, a quick ratio of 0.20 and a current ratio of 0.29. The business has a fifty day moving average of $10.66 and a two-hundred day moving average of $12.33. The stock has a market cap of $356.60 million, a PE ratio of -5.42 and a beta of 1.86.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its earnings results on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). Dave & Buster's Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The firm had revenue of $559.20 million during the quarter, compared to the consensus estimate of $580.60 million. During the same period in the previous year, the company posted $0.76 EPS. The firm's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts expect that Dave & Buster's Entertainment, Inc. will post -1.1 earnings per share for the current fiscal year.

Dave & Buster's Entertainment Profile

Dave & Buster's Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.

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