Universal Beteiligungs und Servicegesellschaft mbH Acquires 41,855 Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)

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

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Dave & Buster's Entertainment by 1,427.5% in the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after buying an additional 3,997 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 valued at $77,000 after acquiring an additional 4,253 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Dave & Buster's Entertainment during the 4th quarter worth $175,000. Aristides Capital LLC acquired a new position in shares of Dave & Buster's Entertainment in the fourth quarter worth approximately $207,000. Finally, Parallax Volatility Advisers L.P. boosted its stake 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 valued at $217,000 after purchasing an additional 632 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster's Entertainment Stock Down 4.2%

Dave & Buster's Entertainment stock opened at $29.24 on Friday. The stock has a fifty day simple moving average of $29.26 and a two-hundred day simple moving average of $24.13. The company has a current ratio of 0.26, a quick ratio of 0.17 and a debt-to-equity ratio of 10.69. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 28.95 and a beta of 2.08. Dave & Buster's Entertainment, Inc. has a 12 month low of $15.08 and a 12 month high of $43.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings data 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 company 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 40.67% and a net margin of 1.83%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $0.99 earnings per share. Equities analysts predict that Dave & Buster's Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Dave & Buster's Entertainment

In other Dave & Buster's Entertainment news, SVP John Mulleady sold 5,931 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $32.79, for a total value of $194,477.49. Following the completion of the sale, the senior vice president directly owned 42,550 shares of the company's stock, valued at $1,395,214.50. The trade was a 12.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarun Lal purchased 8,060 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was purchased 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 $251,955.60. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 2.02% of the company's stock.

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.

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