Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Shares Bought by Patient Capital Management LLC

Patient Capital Management LLC grew its position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,777,260 shares of the restaurant operator's stock after buying an additional 476,662 shares during the period. Dave & Buster's Entertainment accounts for approximately 2.4% of Patient Capital Management LLC's investment portfolio, making the stock its 24th largest position. Patient Capital Management LLC owned 4.62% of Dave & Buster's Entertainment worth $51,878,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Clearline Capital LP lifted its holdings in shares of Dave & Buster's Entertainment by 1,768.8% in the 4th quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator's stock worth $33,458,000 after acquiring an additional 1,084,890 shares during the last quarter. SG Americas Securities LLC increased its stake in Dave & Buster's Entertainment by 1,100.8% during the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock worth $12,405,000 after purchasing an additional 389,577 shares during the period. Boston Partners lifted its holdings in Dave & Buster's Entertainment by 132.5% during the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock worth $16,563,000 after buying an additional 323,595 shares in the last quarter. ExodusPoint Capital Management LP boosted its position in Dave & Buster's Entertainment by 2,306.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 225,100 shares of the restaurant operator's stock valued at $6,571,000 after buying an additional 215,746 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in 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 valued at $9,885,000 after buying an additional 142,045 shares during the period. Hedge funds and other institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Down 0.5%

Dave & Buster's Entertainment stock traded down $0.11 during mid-day trading on Monday, hitting $21.50. The company had a trading volume of 269,961 shares, compared to its average volume of 1,469,703. The stock has a market cap of $742.37 million, a price-to-earnings ratio of 10.61 and a beta of 1.94. Dave & Buster's Entertainment Inc has a 1 year low of $15.08 and a 1 year high of $53.25. 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 business has a fifty day moving average of $19.10 and a 200 day moving average of $25.86.

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 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same period last year, the business earned $0.88 EPS. Dave & Buster's Entertainment's revenue for the quarter was down 10.8% compared to the same quarter last year. On average, sell-side analysts expect that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLAY has been the subject of several recent research reports. Loop Capital decreased 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. Truist Financial reduced their price objective on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. Piper Sandler reduced their price objective on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, BMO Capital Markets reduced 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. 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's stock. According to MarketBeat, the company has an average rating of "Hold" and an average 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.