Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Stock Position Decreased by Formula Growth Ltd.

Formula Growth Ltd. cut its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 25.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,252 shares of the restaurant operator’s stock after selling 22,707 shares during the quarter. Formula Growth Ltd. owned 0.14% of Dave & Buster’s Entertainment worth $2,474,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Shaker Investments LLC OH acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth $447,000. Dark Forest Capital Management LP acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter worth $36,000. iSAM Funds UK Ltd acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth $428,000. Fund 1 Investments LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter worth $7,221,000. Finally, Boston Partners acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth $21,926,000. 91.45% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP John Mulleady sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $43.31, for a total transaction of $324,825.00. Following the sale, the senior vice president now directly owns 68,312 shares of the company’s stock, valued at $2,958,592.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on PLAY. Citigroup raised their target price on Dave & Buster’s Entertainment to $56.50 in a research report on Tuesday, June 27th. BMO Capital Markets decreased their target price on Dave & Buster’s Entertainment from $60.00 to $55.00 and set an “outperform” rating for the company in a research report on Thursday. StockNews.com initiated coverage on Dave & Buster’s Entertainment in a report on Thursday, August 17th. They set a “hold” rating for the company. Piper Sandler initiated coverage on Dave & Buster’s Entertainment in a report on Monday, July 17th. They set an “overweight” rating and a $56.00 price objective for the company. Finally, Truist Financial cut their price objective on Dave & Buster’s Entertainment from $60.00 to $57.00 and set a “buy” rating for the company in a report on Thursday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Moderate Buy” and an average target price of $52.93.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $34.70 on Friday. Dave & Buster’s Entertainment Inc has a fifty-two week low of $30.36 and a fifty-two week high of $47.29. The stock’s 50-day moving average is $42.31 and its two-hundred day moving average is $38.73. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.49 and a quick ratio of 0.39. The firm has a market cap of $1.49 billion, a P/E ratio of 12.01 and a beta of 2.01.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Wednesday, September 6th. The restaurant operator reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.01). Dave & Buster’s Entertainment had a net margin of 6.27% and a return on equity of 42.07%. The company had revenue of $542.10 million for the quarter, compared to the consensus estimate of $558.41 million. During the same quarter last year, the business earned $0.61 earnings per share. Dave & Buster’s Entertainment’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts anticipate that Dave & Buster’s Entertainment Inc will post 3.5 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment Company 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.