Man Group plc Sells 98,333 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

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Man Group plc decreased its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 23.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,220 shares of the restaurant operator’s stock after selling 98,333 shares during the quarter. Man Group plc’s holdings in Dave & Buster’s Entertainment were worth $12,783,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Schroder Investment Management Group bought a new position in shares of Dave & Buster’s Entertainment during the second quarter valued at $9,830,000. DekaBank Deutsche Girozentrale bought a new position in Dave & Buster’s Entertainment during the 2nd quarter valued at about $36,000. Swiss National Bank boosted its position in Dave & Buster’s Entertainment by 1.6% in the second quarter. Swiss National Bank now owns 71,873 shares of the restaurant operator’s stock valued at $2,909,000 after buying an additional 1,100 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Dave & Buster’s Entertainment by 382.2% in the second quarter. Nuveen Asset Management LLC now owns 155,162 shares of the restaurant operator’s stock valued at $6,280,000 after buying an additional 122,986 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Dave & Buster’s Entertainment by 35.0% during the second quarter. Bessemer Group Inc. now owns 74,400 shares of the restaurant operator’s stock worth $3,011,000 after buying an additional 19,300 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dave & Buster’s Entertainment stock opened at $40.42 on Wednesday. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.30 and a quick ratio of 0.20. The firm has a 50 day simple moving average of $40.34 and a 200 day simple moving average of $41.89. Dave & Buster’s Entertainment Inc has a fifty-two week low of $37.21 and a fifty-two week high of $59.60. The firm has a market cap of $1.24 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.97 and a beta of 0.79.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.04. The firm had revenue of $344.60 million for the quarter, compared to the consensus estimate of $345.27 million. Dave & Buster’s Entertainment had a return on equity of 32.64% and a net margin of 8.78%. On average, sell-side analysts expect that Dave & Buster’s Entertainment Inc will post 2.81 EPS for the current year.

The company also recently announced a 0.15000 dividend, which was paid on Monday, November 11th. Stockholders of record on Friday, October 11th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a dividend yield of 1.6%. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is currently 21.84%.

PLAY has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co dropped their price target on Dave & Buster’s Entertainment from $44.00 to $42.00 and set a “market perform” rating for the company in a report on Wednesday. SunTrust Banks dropped their price target on Dave & Buster’s Entertainment from $45.00 to $41.00 and set a “hold” rating for the company in a report on Wednesday, September 11th. Loop Capital cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Piper Jaffray Companies lowered their target price on Dave & Buster’s Entertainment from $55.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus target price of $46.64.

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 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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