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

Louisiana State Employees Retirement System acquired a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Rating) in the third quarter, Holdings Channel.com reports. The fund acquired 20,300 shares of the restaurant operator’s stock, valued at approximately $630,000.

A number of other institutional investors have also modified their holdings of PLAY. Nomura Holdings Inc. grew its stake in shares of Dave & Buster’s Entertainment by 5,278.0% in the second quarter. Nomura Holdings Inc. now owns 2,333,892 shares of the restaurant operator’s stock valued at $78,547,000 after buying an additional 2,290,495 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Dave & Buster’s Entertainment by 5,152.9% in the second quarter. Renaissance Technologies LLC now owns 367,700 shares of the restaurant operator’s stock valued at $12,053,000 after buying an additional 360,700 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at $13,965,000. Prudential Financial Inc. grew its stake in Dave & Buster’s Entertainment by 586.0% during the 1st quarter. Prudential Financial Inc. now owns 282,387 shares of the restaurant operator’s stock worth $13,865,000 after purchasing an additional 241,220 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Dave & Buster’s Entertainment by 770.3% during the 2nd quarter. Voya Investment Management LLC now owns 252,904 shares of the restaurant operator’s stock worth $8,290,000 after purchasing an additional 223,846 shares in the last quarter. 99.21% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Up 2.4 %

Shares of NASDAQ PLAY opened at $38.60 on Friday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 15.44 and a beta of 1.83. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.58 and a quick ratio of 0.46. The business has a 50-day moving average of $36.87 and a two-hundred day moving average of $36.63. Dave & Buster’s Entertainment Inc has a 1 year low of $29.60 and a 1 year high of $52.54.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Rating) last posted its earnings results on Tuesday, December 6th. The restaurant operator reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Dave & Buster’s Entertainment had a return on equity of 37.13% and a net margin of 7.09%. The business had revenue of $481.21 million during the quarter, compared to the consensus estimate of $470.78 million. During the same period in the previous year, the business earned $0.21 EPS. The business’s quarterly revenue was up 51.3% on a year-over-year basis. On average, analysts forecast that Dave & Buster’s Entertainment Inc will post 2.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLAY has been the subject of several analyst reports. StockNews.com raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, November 8th. BMO Capital Markets lowered their target price on Dave & Buster’s Entertainment from $66.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, December 7th. Finally, Piper Sandler lowered their target price on Dave & Buster’s Entertainment from $44.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, October 5th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Insider Activity

In other news, insider Path D. Fund Lp Hill bought 15,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 29th. The stock was acquired at an average cost of $34.90 per share, with a total value of $523,500.00. Following the acquisition, the insider now owns 1,290,842 shares of the company’s stock, valued at $45,050,385.80. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CMO Ashley Zickefoose bought 3,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 8th. The stock was acquired at an average cost of $34.49 per share, with a total value of $103,470.00. Following the acquisition, the chief marketing officer now owns 19,421 shares of the company’s stock, valued at $669,830.29. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Path D. Fund Lp Hill acquired 15,000 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, December 29th. The shares were bought at an average cost of $34.90 per share, with a total value of $523,500.00. Following the completion of the purchase, the insider now owns 1,290,842 shares in the company, valued at $45,050,385.80. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,195,592 shares of company stock valued at $40,531,897. Insiders own 3.21% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding PLAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Rating).

Institutional Ownership by Quarter for Dave & Buster's Entertainment (NASDAQ:PLAY)

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.