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

SG Americas Securities LLC trimmed its holdings in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 39.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,345 shares of the restaurant operator's stock after selling 168,622 shares during the period. SG Americas Securities LLC owned about 0.74% of Dave & Buster's Entertainment worth $4,504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLAY. Rhumbline Advisers raised its stake in Dave & Buster's Entertainment by 3.9% in the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator's stock valued at $2,880,000 after acquiring an additional 3,730 shares during the period. Principal Financial Group Inc. raised its stake in Dave & Buster's Entertainment by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock valued at $4,480,000 after acquiring an additional 3,494 shares during the period. Hussman Strategic Advisors Inc. raised its stake in Dave & Buster's Entertainment by 33.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the restaurant operator's stock valued at $1,226,000 after acquiring an additional 10,500 shares during the period. Illinois Municipal Retirement Fund raised its stake in Dave & Buster's Entertainment by 34.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator's stock valued at $662,000 after acquiring an additional 5,854 shares during the period. Finally, NewEdge Wealth LLC raised its stake 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 period. 91.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLAY. Loop Capital lifted their target price on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday. Truist Financial lifted their target price on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a report on Wednesday. BMO Capital Markets lifted their target price on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday. UBS Group lifted their target price on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Piper Sandler boosted their price objective on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Price Performance

PLAY traded down $0.52 during midday trading on Friday, hitting $30.17. The stock had a trading volume of 1,443,422 shares, compared to its average volume of 1,445,700. The company has a market cap of $1.04 billion, a P/E ratio of 14.94 and a beta of 2.00. The business has a fifty day moving average of $21.12 and a 200 day moving average of $23.95. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster's Entertainment Inc has a 1 year low of $15.08 and a 1 year high of $44.54.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued 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 firm had revenue of $567.70 million during the quarter, compared to analysts' expectations of $572.12 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. As a group, equities analysts forecast 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.