Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Shares Sold by Versor Investments LP

Versor Investments LP decreased its position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 60.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,974 shares of the restaurant operator's stock after selling 15,143 shares during the quarter. Versor Investments LP's holdings in Dave & Buster's Entertainment were worth $537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PLAY. Cerity Partners LLC purchased a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $1,102,000. Vanguard Group Inc. lifted its holdings in shares of Dave & Buster's Entertainment by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator's stock valued at $166,166,000 after buying an additional 116,402 shares during the period. Eminence Capital LP boosted its stake in shares of 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 buying an additional 2,792,780 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Dave & Buster's Entertainment by 10.6% in the 4th quarter. Yousif Capital Management LLC now owns 14,702 shares of the restaurant operator's stock worth $792,000 after buying an additional 1,405 shares during the last quarter. Finally, Legato Capital Management LLC bought a new stake in shares of Dave & Buster's Entertainment in the fourth quarter worth $432,000. Institutional investors own 91.45% of the company's stock.

Insider Activity

In related news, SVP John Mulleady sold 42,824 shares of the company's stock in a transaction on 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 completion of the transaction, the senior vice president now owns 57,132 shares in the company, valued at $3,803,848.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dave & Buster's Entertainment news, Director Michael J. Griffith sold 5,203 shares of the firm's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the transaction, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Mulleady sold 42,824 shares of the company's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares in the company, valued at $3,803,848.56. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on PLAY. BMO Capital Markets boosted their price target on Dave & Buster's Entertainment from $60.00 to $75.00 and gave the company an "outperform" rating in a research note on Wednesday, April 3rd. Raymond James restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Monday, March 25th. UBS Group increased their price target 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. Finally, Truist Financial raised their target price on Dave & Buster's Entertainment from $75.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Dave & Buster's Entertainment has an average rating of "Hold" and an average target price of $69.21.

Dave & Buster's Entertainment Price Performance

Shares of Dave & Buster's Entertainment stock traded up $0.35 during trading hours on Friday, hitting $53.76. The company's stock had a trading volume of 615,309 shares, compared to its average volume of 1,238,794. The company has a market cap of $2.17 billion, a PE ratio of 19.13 and a beta of 2.08. 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 business has a 50 day moving average price of $58.79 and a two-hundred day moving average price of $52.17. Dave & Buster's Entertainment Inc has a 12-month low of $31.65 and a 12-month high of $69.82.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.04). Dave & Buster's Entertainment had a net margin of 5.76% and a return on equity of 53.96%. The business had revenue of $599.10 million for the quarter, compared to the consensus estimate of $603.41 million. Analysts expect that Dave & Buster's Entertainment Inc will post 3.89 earnings per share for the current fiscal year.

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.