93,000 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Purchased by LMR Partners LLP

LMR Partners LLP purchased a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 93,000 shares of the restaurant operator’s stock, valued at approximately $3,167,000.

A number of other hedge funds also recently bought and sold shares of PLAY. Russell Investments Group Ltd. boosted its stake in Dave & Buster’s Entertainment by 23.8% in the 1st quarter. Russell Investments Group Ltd. now owns 63,848 shares of the restaurant operator’s stock worth $3,997,000 after purchasing an additional 12,261 shares in the last quarter. US Bancorp DE boosted its stake in Dave & Buster’s Entertainment by 901.7% in the 1st quarter. US Bancorp DE now owns 5,219 shares of the restaurant operator’s stock worth $327,000 after purchasing an additional 4,698 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Dave & Buster’s Entertainment by 24.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,220 shares of the restaurant operator’s stock worth $953,000 after purchasing an additional 2,970 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Dave & Buster’s Entertainment in the 1st quarter worth about $1,417,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Dave & Buster’s Entertainment in the 1st quarter worth about $249,000. Institutional investors own 91.45% of the company’s stock.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were acquired at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the purchase, the chief executive officer now owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. The trade was a 21.63 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

PLAY has been the subject of several research reports. Loop Capital reduced their price target on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Truist Financial reduced their target price on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Benchmark started coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $62.57.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $36.40 on Tuesday. The company has a market capitalization of $1.43 billion, a PE ratio of 13.28 and a beta of 2.13. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The company has a 50-day simple moving average of $35.37 and a two-hundred day simple moving average of $38.87. Dave & Buster’s Entertainment Inc has a one year low of $29.31 and a one year high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. During the same period in the previous year, the company posted $0.94 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Research analysts expect that Dave & Buster’s Entertainment Inc will post 2.62 EPS 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.