Nuveen LLC Takes $2.45 Million Position in Dave & Buster's Entertainment, Inc. $PLAY

Key Points

• Nuveen LLC has made a new investment of approximately $2.45 million in Dave & Buster's Entertainment, acquiring 139,613 shares, now owning 0.40% of the company.
• Shares of Dave & Buster's opened at $25.67, with a market capitalization of $887.67 million and a recent earnings report showing a miss on EPS estimates.
• Analysts have mixed ratings on Dave & Buster's, with most having a consensus of Hold and an average target price of $33.50.

Nuveen LLC bought a new stake in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 139,613 shares of the restaurant operator's stock, valued at approximately $2,453,000. Nuveen LLC owned approximately 0.40% of Dave & Buster's Entertainment at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Dave & Buster's Entertainment by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock valued at $537,000 after purchasing an additional 728 shares in the last quarter. US Bancorp DE lifted its holdings in Dave & Buster's Entertainment by 442.0% in the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock valued at $27,000 after acquiring an additional 1,273 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Dave & Buster's Entertainment by 7.7% during the 4th quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock worth $602,000 after acquiring an additional 1,479 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Dave & Buster's Entertainment by 9.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,682 shares of the restaurant operator's stock valued at $750,000 after acquiring an additional 2,244 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of Dave & Buster's Entertainment by 21.6% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,940 shares of the restaurant operator's stock worth $227,000 after acquiring an additional 2,300 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PLAY. Piper Sandler boosted their price objective on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. BMO Capital Markets boosted their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 11th. Loop Capital upped their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Truist Financial decreased their target price on Dave & Buster's Entertainment from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, August 27th. Finally, UBS Group boosted their price target on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $33.50.

Insiders Place Their Bets

In other news, CEO Tarun Lal purchased 8,060 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was bought at an average price of $31.26 per share, with a total value of $251,955.60. Following the acquisition, the chief executive officer directly owned 8,060 shares of the company's stock, valued at approximately $251,955.60. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Mulleady sold 5,931 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total value of $194,477.49. Following the sale, the senior vice president directly owned 42,550 shares in the company, valued at $1,395,214.50. The trade was a 12.23% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.02% of the company's stock.

Dave & Buster's Entertainment Trading Down 4.0%

PLAY stock traded down $1.01 during midday trading on Wednesday, reaching $24.12. The stock had a trading volume of 527,051 shares, compared to its average volume of 1,266,780. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. Dave & Buster's Entertainment, Inc. has a twelve month low of $15.08 and a twelve month high of $43.73. The firm has a market cap of $834.08 million, a price-to-earnings ratio of 23.79 and a beta of 2.04. The business has a fifty day simple moving average of $28.71 and a two-hundred day simple moving average of $24.01.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). The business had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. Dave & Buster's Entertainment had a return on equity of 40.67% and a net margin of 1.83%.The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. As a group, research analysts expect that Dave & Buster's Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Dave & Buster's Entertainment Company 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.