Sea Cliff Partners Management LP Sells 141,391 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Sea Cliff Partners Management LP lessened its stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 535,000 shares of the restaurant operator's stock after selling 141,391 shares during the quarter. Dave & Buster's Entertainment accounts for about 5.4% of Sea Cliff Partners Management LP's holdings, making the stock its 11th biggest position. Sea Cliff Partners Management LP owned approximately 1.39% of Dave & Buster's Entertainment worth $15,617,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in PLAY. Eminence Capital LP grew its stake in Dave & Buster's Entertainment by 3.6% in the 4th quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock valued at $112,249,000 after buying an additional 135,095 shares during the last quarter. Patient Capital Management LLC grew its stake in Dave & Buster's Entertainment by 36.6% in the 4th quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock valued at $51,878,000 after buying an additional 476,662 shares during the last quarter. Clearline Capital LP grew its stake in 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 valued at $33,458,000 after buying an additional 1,084,890 shares during the last quarter. NewEdge Wealth LLC grew its stake in Dave & Buster's Entertainment by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after buying an additional 85,820 shares during the last quarter. Finally, Boston Partners grew its stake in Dave & Buster's Entertainment by 132.5% in the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after buying an additional 323,595 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Loop Capital lowered 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. Truist Financial lowered their target price on shares of 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. Piper Sandler reduced their price target 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. Finally, 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 for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus price target of $33.00.

Dave & Buster's Entertainment Price Performance

Shares of NASDAQ:PLAY traded up $0.23 during midday trading on Tuesday, reaching $21.54. 745,219 shares of the company's stock were exchanged, compared to its average volume of 1,470,373. The company's 50 day simple moving average is $19.14 and its two-hundred day simple moving average is $25.74. The firm has a market capitalization of $743.75 million, a PE ratio of 10.66 and a beta of 1.94. Dave & Buster's Entertainment Inc has a 12 month low of $15.08 and a 12 month high of $52.73. 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 (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 analysts' consensus estimates 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 net margin of 3.88% and a return on equity of 44.22%. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Equities research analysts expect that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

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.