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

Lazard Asset Management LLC trimmed its holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 90.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Parallax Volatility Advisers L.P. raised its holdings in Dave & Buster's Entertainment by 9.3% in the 4th quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after acquiring an additional 632 shares in the last quarter. KBC Group NV raised its stake in shares of Dave & Buster's Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 885 shares in the last quarter. MetLife Investment Management LLC lifted its position in Dave & Buster's Entertainment by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock worth $602,000 after purchasing an additional 1,479 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Dave & Buster's Entertainment during the fourth quarter worth $47,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in Dave & Buster's Entertainment by 19.0% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator's stock worth $311,000 after buying an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.

Analyst Upgrades and Downgrades

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

Dave & Buster's Entertainment Price Performance

NASDAQ PLAY traded down $0.58 during trading hours on Wednesday, reaching $22.10. 139,064 shares of the company's stock were exchanged, compared to its average volume of 1,457,128. The firm has a fifty day moving average of $19.46 and a 200-day moving average of $25.07. Dave & Buster's Entertainment Inc has a one year low of $15.08 and a one year high of $52.73. The stock has a market cap of $762.92 million, a PE ratio of 10.96 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.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The company 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 business's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. On average, equities research analysts predict that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

About Dave & Buster's Entertainment

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.