Northern Trust Corp Raises Stock Holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Northern Trust Corp increased its position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 371,818 shares of the restaurant operator's stock after acquiring an additional 36,785 shares during the quarter. Northern Trust Corp owned about 0.97% of Dave & Buster's Entertainment worth $10,853,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in shares of Dave & Buster's Entertainment in the fourth quarter valued at about $47,000. KBC Group NV grew its stake 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 valued at $58,000 after buying an additional 885 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Dave & Buster's Entertainment in the fourth quarter worth approximately $175,000. Aristides Capital LLC bought a new stake in shares of Dave & Buster's Entertainment during the 4th quarter worth approximately $207,000. Finally, Parallax Volatility Advisers L.P. boosted its holdings in Dave & Buster's Entertainment by 9.3% during 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 during the period. Hedge funds and other institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Performance

Shares of PLAY stock traded down $1.40 on Wednesday, hitting $20.14. The company had a trading volume of 628,517 shares, compared to its average volume of 1,467,020. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster's Entertainment Inc has a twelve month low of $15.08 and a twelve month high of $52.73. The company has a 50-day moving average price of $19.23 and a 200-day moving average price of $25.71. The firm has a market cap of $695.41 million, a P/E ratio of 9.97 and a beta of 1.94.

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

Analyst Ratings Changes

A number of research firms have recently commented on PLAY. BMO Capital Markets cut their price target on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Loop Capital cut their price target on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Truist Financial reduced their price objective on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research note on Wednesday, April 2nd. Finally, Piper Sandler reduced 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. 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.