Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Shares Purchased by Sapience Investments LLC

Sapience Investments LLC increased its holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 49.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,022 shares of the restaurant operator's stock after purchasing an additional 33,508 shares during the quarter. Dave & Buster's Entertainment accounts for about 1.7% of Sapience Investments LLC's holdings, making the stock its 16th largest holding. Sapience Investments LLC owned 0.26% of Dave & Buster's Entertainment worth $2,949,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Dave & Buster's Entertainment in the fourth quarter valued at about $47,000. KBC Group NV increased 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 worth $58,000 after buying an additional 885 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $175,000. Aristides Capital LLC purchased a new position in shares of Dave & Buster's Entertainment in the fourth quarter valued at approximately $207,000. Finally, Parallax Volatility Advisers L.P. increased its position in shares of Dave & Buster's Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after purchasing an additional 632 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Price Performance

PLAY stock traded up $0.67 on Thursday, reaching $20.81. 284,802 shares of the company's stock were exchanged, compared to its average volume of 1,462,649. The firm has a market cap of $718.55 million, a PE ratio of 10.30 and a beta of 1.94. Dave & Buster's Entertainment Inc has a twelve month low of $15.08 and a twelve month high of $52.73. The stock has a fifty day moving average of $19.28 and a 200-day moving average of $25.67. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PLAY. BMO Capital Markets dropped their target price on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Piper Sandler cut 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 report on Tuesday, April 8th. Loop Capital decreased their target price on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial dropped their price target on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Dave & Buster's Entertainment currently has a consensus rating of "Hold" and a consensus target price of $33.00.

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.