Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 54,131 Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 54,131 shares of the restaurant operator's stock, valued at approximately $1,580,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Dave & Buster's Entertainment at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PLAY. SBI Securities Co. Ltd. acquired a new position in Dave & Buster's Entertainment in the fourth quarter worth about $47,000. KBC Group NV lifted its holdings in Dave & Buster's Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after acquiring an additional 885 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth $175,000. Aristides Capital LLC acquired a new stake in Dave & Buster's Entertainment in the 4th quarter valued at $207,000. Finally, Parallax Volatility Advisers L.P. boosted 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 valued at $217,000 after buying an additional 632 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.

Dave & Buster's Entertainment Price Performance

Shares of NASDAQ:PLAY traded down $1.05 during trading on Thursday, hitting $22.64. 1,269,099 shares of the company's stock were exchanged, compared to its average volume of 1,453,092. The business's 50-day simple moving average is $19.74 and its 200 day simple moving average is $24.44. The company has a market cap of $781.74 million, a price-to-earnings ratio of 11.21 and a beta of 1.94. Dave & Buster's Entertainment Inc has a 52-week low of $15.08 and a 52-week high of $52.08. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $534.50 million for the quarter, compared to analysts' expectations of $548.77 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. Dave & Buster's Entertainment's quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. As a group, equities analysts predict that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PLAY shares. BMO Capital Markets lowered their target price on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Truist Financial lifted their price objective on shares of Dave & Buster's Entertainment from $18.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday. Piper Sandler cut their target price on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Loop Capital reduced their price target on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus price target of $33.17.

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.