Quantbot Technologies LP Takes Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Quantbot Technologies LP purchased a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 38,350 shares of the restaurant operator’s stock, valued at approximately $2,401,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLAY. Principal Securities Inc. acquired a new position in Dave & Buster’s Entertainment during the 4th quarter worth $38,000. Federated Hermes Inc. raised its position in shares of Dave & Buster’s Entertainment by 67.3% during the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 292 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $45,000. GAMMA Investing LLC acquired a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $53,000. Finally, Headlands Technologies LLC bought a new position in Dave & Buster’s Entertainment in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets cut their target price on shares of Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, June 13th. Loop Capital cut their price objective on shares of Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, June 14th. UBS Group reduced their price objective on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, March 25th. Finally, StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Moderate Buy” and an average target price of $65.71.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY traded up $1.14 during mid-day trading on Friday, hitting $40.33. 1,403,360 shares of the company’s stock were exchanged, compared to its average volume of 1,250,499. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 17.02 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 52 week low of $33.07 and a 52 week high of $69.82. The company has a quick ratio of 0.24, a current ratio of 0.32 and a debt-to-equity ratio of 4.41. The stock’s 50-day simple moving average is $46.56 and its 200-day simple moving average is $53.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The company had revenue of $588.10 million for the quarter, compared to analyst estimates of $615.88 million. During the same quarter last year, the company posted $1.45 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts expect that Dave & Buster’s Entertainment Inc will post 3.03 EPS for the current year.

Insider Buying and Selling

In related news, CFO Darin Harper purchased 13,438 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was acquired at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the acquisition, the chief financial officer now owns 35,598 shares of the company’s stock, valued at approximately $1,380,490.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

About Dave & Buster’s Entertainment

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.