Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Stock Position Lifted by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Dave & Buster's Entertainment by 77.3%, now owning approximately 95,986 shares valued at $1.686 million as of the end of the last quarter.
• Dave & Buster's reported earnings of $0.76 per share for the most recent quarter, falling short of analysts’ expectations of $0.96, with revenue decreasing by 3.5% year-over-year.
• Institutional investors now own 91.45% of Dave & Buster's shares, indicating strong confidence in the company among large investors.

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) by 77.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 95,986 shares of the restaurant operator's stock after purchasing an additional 41,855 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.28% of Dave & Buster's Entertainment worth $1,686,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Dave & Buster's Entertainment by 1,427.5% in the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after acquiring an additional 3,997 shares in the last quarter. GAMMA Investing LLC lifted its position in Dave & Buster's Entertainment by 3,974.8% during the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after buying an additional 4,253 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Dave & Buster's Entertainment during the fourth quarter worth about $175,000. Aristides Capital LLC purchased a new position in Dave & Buster's Entertainment during the fourth quarter worth about $207,000. Finally, Parallax Volatility Advisers L.P. lifted its position in Dave & Buster's Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after buying an additional 632 shares during the period. Institutional investors and hedge funds own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Down 2.6%

Shares of PLAY stock traded down $0.73 during trading hours on Tuesday, reaching $27.09. The company had a trading volume of 229,825 shares, compared to its average volume of 1,330,327. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. Dave & Buster's Entertainment, Inc. has a twelve month low of $15.08 and a twelve month high of $43.73. The company has a market capitalization of $936.60 million, a P/E ratio of 26.85 and a beta of 2.14. The stock's fifty day simple moving average is $29.55 and its 200 day simple moving average is $24.16.

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

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

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.