Lazard Asset Management LLC Sells 112,725 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Lazard Asset Management LLC lowered its stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 90.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,102 shares of the restaurant operator's stock after selling 112,725 shares during the quarter. Lazard Asset Management LLC's holdings in Dave & Buster's Entertainment were worth $351,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Dave & Buster's Entertainment during the fourth quarter worth about $47,000. KBC Group NV increased its holdings in shares of Dave & Buster's Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after buying an additional 885 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Dave & Buster's Entertainment in the fourth quarter valued at about $175,000. Aristides Capital LLC bought a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at $207,000. Finally, Parallax Volatility Advisers L.P. increased its holdings in Dave & Buster's Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after purchasing an additional 632 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Stock Performance

Shares of NASDAQ PLAY traded up $2.21 during midday trading on Tuesday, hitting $22.74. The company's stock had a trading volume of 520,373 shares, compared to its average volume of 1,459,441. The firm has a market capitalization of $785.22 million, a price-to-earnings ratio of 11.23 and a beta of 1.94. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The stock has a fifty day moving average price of $19.39 and a 200 day moving average price of $25.08. Dave & Buster's Entertainment Inc has a one year low of $15.08 and a one year high of $52.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $534.50 million for the quarter, compared to analysts' expectations of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm's quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS. On average, research analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Piper Sandler cut their target price on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Loop Capital lowered their price objective on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. BMO Capital Markets decreased their price objective on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Truist Financial decreased their target price on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $33.00.

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.