Thrivent Financial for Lutherans Decreases Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Thrivent Financial for Lutherans reduced its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) by 30.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,046 shares of the restaurant operator’s stock after selling 18,653 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dave & Buster’s Entertainment were worth $1,526,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PLAY. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Dave & Buster’s Entertainment in the third quarter valued at about $5,849,000. Parsifal Capital Management LP raised its stake in Dave & Buster’s Entertainment by 8.3% in the third quarter. Parsifal Capital Management LP now owns 1,151,311 shares of the restaurant operator’s stock valued at $35,725,000 after buying an additional 87,756 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Dave & Buster’s Entertainment in the third quarter valued at about $15,213,000. Q Global Advisors LLC raised its stake in Dave & Buster’s Entertainment by 113.1% in the third quarter. Q Global Advisors LLC now owns 800,000 shares of the restaurant operator’s stock valued at $31,880,000 after buying an additional 424,554 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Dave & Buster’s Entertainment by 22.2% in the third quarter. Point72 Asset Management L.P. now owns 261,254 shares of the restaurant operator’s stock valued at $8,107,000 after buying an additional 47,462 shares during the last quarter. 99.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLAY has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Dave & Buster’s Entertainment in a research note on Thursday. They issued a “hold” rating for the company. Truist Financial cut their price objective on Dave & Buster’s Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, March 29th. Finally, UBS Group initiated coverage on Dave & Buster’s Entertainment in a report on Sunday, May 7th. They issued a “neutral” rating and a $38.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $46.57.

Insider Buying and Selling

In related news, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $35.00, for a total transaction of $262,500.00. Following the sale, the senior vice president now directly owns 78,777 shares of the company’s stock, valued at $2,757,195. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment Stock Down 0.9 %

Shares of PLAY stock opened at $34.50 on Friday. The firm has a market capitalization of $1.67 billion, a PE ratio of 12.41 and a beta of 1.92. Dave & Buster’s Entertainment Inc has a fifty-two week low of $29.60 and a fifty-two week high of $45.51. The stock’s 50-day simple moving average is $35.00 and its 200-day simple moving average is $37.72. The company has a debt-to-equity ratio of 2.98, a quick ratio of 0.57 and a current ratio of 0.67.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last posted its earnings results on Tuesday, March 28th. The restaurant operator reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. The firm had revenue of $563.76 million for the quarter, compared to analyst estimates of $531.84 million. Dave & Buster’s Entertainment had a return on equity of 37.39% and a net margin of 6.98%. Dave & Buster’s Entertainment’s revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. Equities analysts expect that Dave & Buster’s Entertainment Inc will post 3.18 earnings per share for the current year.

Dave & Buster’s Entertainment Company Profile

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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.