Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Position Boosted by Northern Trust Corp

Northern Trust Corp lifted its position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 0.97% of Dave & Buster's Entertainment worth $10,853,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PLAY. NewEdge Wealth LLC raised its holdings in Dave & Buster's Entertainment by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after acquiring an additional 85,820 shares during the last quarter. Boston Partners raised its holdings in Dave & Buster's Entertainment by 132.5% in the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after acquiring an additional 323,595 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dave & Buster's Entertainment by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator's stock worth $13,775,000 after buying an additional 9,733 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Dave & Buster's Entertainment by 1,100.8% during the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock worth $12,405,000 after buying an additional 389,577 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Dave & Buster's Entertainment by 72.3% during the 4th quarter. Russell Investments Group Ltd. now owns 338,635 shares of the restaurant operator's stock worth $9,885,000 after buying an additional 142,045 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Down 1.8%

NASDAQ:PLAY traded down $0.38 on Friday, reaching $20.53. The stock had a trading volume of 790,621 shares, compared to its average volume of 1,460,866. 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 company has a 50-day moving average of $19.36 and a 200 day moving average of $25.43. The stock has a market cap of $708.88 million, a P/E ratio of 10.16 and a beta of 1.94. Dave & Buster's Entertainment Inc has a 12-month low of $15.08 and a 12-month high of $52.73.

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

Analysts Set New Price Targets

A number of analysts have recently commented on PLAY shares. Piper Sandler dropped their price objective on 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. Truist Financial dropped their price objective on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a report on Wednesday, April 2nd. Loop Capital decreased 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 report on Tuesday, April 8th. Finally, BMO Capital Markets decreased their price target on shares of 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 assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $33.00.

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.