LSV Asset Management Purchases 42,786 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

LSV Asset Management boosted its stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,786 shares of the restaurant operator's stock after acquiring an additional 42,786 shares during the period. LSV Asset Management owned 0.48% of Dave & Buster's Entertainment worth $5,394,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Dave & Buster's Entertainment in the 4th quarter valued at approximately $3,677,000. Invesco Ltd. boosted its holdings in shares of Dave & Buster's Entertainment by 16.6% during the 4th quarter. Invesco Ltd. now owns 208,914 shares of the restaurant operator's stock valued at $6,098,000 after buying an additional 29,800 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of Dave & Buster's Entertainment in the 4th quarter worth about $207,000. Russell Investments Group Ltd. increased its stake in shares of Dave & Buster's Entertainment by 72.3% in the 4th quarter. Russell Investments Group Ltd. now owns 338,635 shares of the restaurant operator's stock worth $9,885,000 after acquiring an additional 142,045 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Dave & Buster's Entertainment by 27.5% during the 4th quarter. Wells Fargo & Company MN now owns 17,154 shares of the restaurant operator's stock valued at $501,000 after acquiring an additional 3,703 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster's Entertainment Stock Up 9.2 %

Shares of PLAY stock traded up $1.69 during mid-day trading on Friday, hitting $19.98. The company's stock had a trading volume of 1,827,835 shares, compared to its average volume of 1,474,626. The stock has a market cap of $689.61 million, a price-to-earnings ratio of 9.89 and a beta of 1.86. 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 52-week low of $15.08 and a 52-week high of $57.10. The business has a 50-day moving average price of $19.86 and a 200 day moving average price of $28.07.

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 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. Dave & Buster's Entertainment's revenue for the quarter was down 10.8% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. Research analysts predict that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLAY has been the topic of a number of recent research reports. BMO Capital Markets cut their price objective 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. Loop Capital reduced their price objective on 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. Piper Sandler lowered their price objective on 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 equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.