Louisiana State Employees Retirement System Takes Position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Louisiana State Employees Retirement System bought a new stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,200 shares of the restaurant operator's stock, valued at approximately $926,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Dave & Buster's Entertainment by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator's stock worth $166,166,000 after acquiring an additional 116,402 shares during the last quarter. Eminence Capital LP raised its holdings in Dave & Buster's Entertainment by 331.4% in the 3rd quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator's stock worth $134,766,000 after acquiring an additional 2,792,780 shares during the last quarter. Nomura Holdings Inc. raised its holdings in Dave & Buster's Entertainment by 1.8% in the 3rd quarter. Nomura Holdings Inc. now owns 2,492,571 shares of the restaurant operator's stock worth $92,400,000 after acquiring an additional 43,621 shares during the last quarter. American Century Companies Inc. raised its holdings in Dave & Buster's Entertainment by 7.0% in the 3rd quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator's stock worth $74,971,000 after acquiring an additional 132,460 shares during the last quarter. Finally, FMR LLC raised its holdings in Dave & Buster's Entertainment by 14.8% in the 3rd quarter. FMR LLC now owns 228,616 shares of the restaurant operator's stock worth $8,475,000 after acquiring an additional 29,448 shares during the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLAY has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their target price on shares of Dave & Buster's Entertainment from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. UBS Group lifted their target price on shares of Dave & Buster's Entertainment from $60.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 3rd. StockNews.com raised shares of Dave & Buster's Entertainment from a "sell" rating to a "hold" rating in a research report on Wednesday, April 10th. Truist Financial lifted their target price on shares of Dave & Buster's Entertainment from $75.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $71.00 target price (up previously from $50.00) on shares of Dave & Buster's Entertainment in a research report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $69.21.

Insider Activity

In other news, SVP John Mulleady sold 42,824 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares in the company, valued at approximately $3,803,848.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP John Mulleady sold 42,824 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares in the company, valued at approximately $3,803,848.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Griffith sold 5,203 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now owns 33,546 shares in the company, valued at $2,199,611.22. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Dave & Buster's Entertainment Stock Performance

Shares of PLAY stock traded up $0.32 during mid-day trading on Friday, reaching $52.17. 957,132 shares of the company's stock traded hands, compared to its average volume of 1,157,428. Dave & Buster's Entertainment Inc has a 12 month low of $31.65 and a 12 month high of $69.82. The firm has a 50 day moving average price of $60.60 and a two-hundred day moving average price of $50.82. The company has a debt-to-equity ratio of 5.11, a quick ratio of 0.23 and a current ratio of 0.32. The firm has a market capitalization of $2.10 billion, a PE ratio of 18.57 and a beta of 2.08.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.04). The company had revenue of $599.10 million during the quarter, compared to analysts' expectations of $603.41 million. Dave & Buster's Entertainment had a return on equity of 53.96% and a net margin of 5.76%. On average, research analysts forecast that Dave & Buster's Entertainment Inc will post 3.89 EPS for the current year.

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.