Nuveen Asset Management LLC cut its holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 46.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,928 shares of the restaurant operator's stock after selling 128,091 shares during the period. Nuveen Asset Management LLC owned 0.38% of Dave & Buster's Entertainment worth $4,260,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in PLAY. Eminence Capital LP lifted its stake in Dave & Buster's Entertainment by 3.6% in the 4th quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock worth $112,249,000 after purchasing an additional 135,095 shares in the last quarter. Clearline Capital LP grew its holdings in Dave & Buster's Entertainment by 1,768.8% during the 4th quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator's stock worth $33,458,000 after acquiring an additional 1,084,890 shares in the last quarter. NewEdge Wealth LLC raised its position in shares of 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 worth $21,235,000 after acquiring an additional 85,820 shares in the last quarter. Boston Partners lifted its position in Dave & Buster's Entertainment by 132.5% during the fourth 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. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Dave & Buster's Entertainment by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator's stock worth $13,775,000 after purchasing an additional 9,733 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have weighed in on PLAY shares. BMO Capital Markets dropped their price target on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Truist Financial decreased their target price on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. Loop Capital decreased their price objective on shares of 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. Finally, Piper Sandler cut their target price on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Dave & Buster's Entertainment currently has an average rating of "Hold" and a consensus target price of $33.00.
Get Our Latest Stock Report on PLAY
Dave & Buster's Entertainment Stock Down 0.9%
Shares of NASDAQ PLAY traded down $0.19 during trading on Tuesday, reaching $21.49. 419,085 shares of the stock were exchanged, compared to its average volume of 1,373,446. The business's 50-day moving average price is $19.60 and its 200 day moving average price is $24.46. Dave & Buster's Entertainment Inc has a twelve month low of $15.08 and a twelve month high of $52.08. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company has a market capitalization of $742.03 million, a price-to-earnings ratio of 10.64 and a beta of 1.94.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly 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 business had revenue of $534.50 million during the quarter, compared to analyst estimates of $548.77 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company's quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, equities analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal year.
About Dave & Buster's Entertainment
(
Free Report)
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.
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