SG Americas Securities LLC Lowers Position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

SG Americas Securities LLC reduced its position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 39.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 256,345 shares of the restaurant operator's stock after selling 168,622 shares during the quarter. SG Americas Securities LLC owned 0.74% of Dave & Buster's Entertainment worth $4,504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $47,000. GAMMA Investing LLC increased its holdings in shares of Dave & Buster's Entertainment by 3,974.8% in the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 4,253 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Dave & Buster's Entertainment in the 4th quarter worth $175,000. Aristides Capital LLC bought a new stake in shares of Dave & Buster's Entertainment in the 4th quarter worth $207,000. Finally, Parallax Volatility Advisers L.P. increased its holdings in shares of 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 worth $217,000 after purchasing an additional 632 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLAY. UBS Group lifted their price objective on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. BMO Capital Markets lifted their price target on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 11th. Loop Capital lifted their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Truist Financial lifted their price target on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. Finally, Piper Sandler lifted their target price on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Stock Performance

Shares of Dave & Buster's Entertainment stock traded up $2.40 during trading hours on Monday, reaching $32.57. 1,583,403 shares of the stock traded hands, compared to its average volume of 1,446,259. The company has a 50 day moving average price of $21.45 and a 200 day moving average price of $23.80. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 16.12 and a beta of 2.00. Dave & Buster's Entertainment Inc has a one year low of $15.08 and a one year high of $44.54. 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 (NASDAQ:PLAY - Get Free Report) last announced its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (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 the consensus estimate of $572.12 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. On average, equities research analysts expect 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.