Invesco Ltd. Grows Holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Invesco Ltd. grew its stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 208,914 shares of the restaurant operator's stock after purchasing an additional 29,800 shares during the period. Invesco Ltd. owned approximately 0.54% of Dave & Buster's Entertainment worth $6,098,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at about $47,000. KBC Group NV boosted its stake in Dave & Buster's Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 885 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Dave & Buster's Entertainment during the 4th quarter worth approximately $175,000. Aristides Capital LLC bought a new position in shares of Dave & Buster's Entertainment in the fourth quarter valued at approximately $207,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in shares of Dave & Buster's Entertainment by 19.0% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator's stock valued at $311,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Performance

PLAY traded up $0.53 on Thursday, hitting $19.72. The company's stock had a trading volume of 491,742 shares, compared to its average volume of 1,489,110. Dave & Buster's Entertainment Inc has a 12 month low of $15.08 and a 12 month high of $57.10. The firm has a market cap of $680.64 million, a P/E ratio of 9.76 and a beta of 1.86. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company's 50 day simple moving average is $19.06 and its 200-day simple moving average is $27.33.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same period in the previous year, the company posted $0.88 EPS. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. Analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on PLAY. BMO Capital Markets lowered their price target on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Loop Capital cut their price target on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Piper Sandler decreased their price objective on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Truist Financial cut their target price on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. One research 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, Dave & Buster's Entertainment presently has a consensus rating of "Hold" and a consensus price target of $33.00.

Dave & Buster's Entertainment 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.