Usca Ria LLC Takes Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

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Usca Ria LLC acquired a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 714 shares of the restaurant operator’s stock, valued at approximately $28,000.

Several other hedge funds have also made changes to their positions in the company. Aperio Group LLC raised its stake in shares of Dave & Buster’s Entertainment by 11.1% in the 2nd quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock valued at $185,000 after buying an additional 457 shares in the last quarter. Whittier Trust Co. increased its position in shares of Dave & Buster’s Entertainment by 1.1% during the 3rd quarter. Whittier Trust Co. now owns 49,241 shares of the restaurant operator’s stock worth $1,918,000 after purchasing an additional 530 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Dave & Buster’s Entertainment by 7.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 10,018 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 660 shares in the last quarter. Quest Capital Management Inc. ADV acquired a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth about $30,000. Finally, Virginia Retirement Systems ET AL increased its position in shares of Dave & Buster’s Entertainment by 5.4% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 15,600 shares of the restaurant operator’s stock worth $608,000 after purchasing an additional 800 shares in the last quarter.

Shares of NASDAQ:PLAY opened at $41.50 on Friday. The firm has a market cap of $1.27 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.00 and a beta of 0.84. The company’s 50-day moving average price is $40.40 and its two-hundred day moving average price is $43.99. The company has a quick ratio of 0.20, a current ratio of 0.30 and a debt-to-equity ratio of 6.73. Dave & Buster’s Entertainment Inc has a 12 month low of $37.21 and a 12 month high of $60.56.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $344.60 million for the quarter, compared to the consensus estimate of $345.27 million. Dave & Buster’s Entertainment had a net margin of 8.78% and a return on equity of 32.64%. As a group, equities analysts predict that Dave & Buster’s Entertainment Inc will post 2.81 earnings per share for the current fiscal year.

The company also recently declared a 0.15000 dividend, which will be paid on Monday, November 11th. Investors of record on Friday, October 11th will be given a $0.16 dividend. The ex-dividend date is Thursday, October 10th. This represents a dividend yield of 1.6%. Dave & Buster’s Entertainment’s dividend payout ratio is 21.84%.

PLAY has been the subject of a number of recent analyst reports. Piper Jaffray Companies dropped their target price on shares of Dave & Buster’s Entertainment from $55.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Raymond James cut shares of Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 11th. SunTrust Banks dropped their target price on shares of Dave & Buster’s Entertainment from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Maxim Group set a $55.00 target price on shares of Dave & Buster’s Entertainment and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, BMO Capital Markets dropped their target price on shares of Dave & Buster’s Entertainment from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $46.81.

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 entrées 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.

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

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