Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Holdings Decreased by Shell Asset Management Co.

Shell Asset Management Co. trimmed its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,714 shares of the restaurant operator’s stock after selling 407 shares during the quarter. Shell Asset Management Co.’s holdings in Dave & Buster’s Entertainment were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock valued at $166,166,000 after acquiring an additional 116,402 shares during the last quarter. Wolf Hill Capital Management LP bought a new position in Dave & Buster’s Entertainment during the 4th quarter worth $72,730,000. Coronation Fund Managers Ltd. grew its stake in Dave & Buster’s Entertainment by 273.6% during the 1st quarter. Coronation Fund Managers Ltd. now owns 1,005,479 shares of the restaurant operator’s stock worth $62,943,000 after buying an additional 736,345 shares during the last quarter. National Bank of Canada FI bought a new position in Dave & Buster’s Entertainment during the 1st quarter worth $31,300,000. Finally, Sea Cliff Partners Management LP bought a new position in Dave & Buster’s Entertainment during the 4th quarter worth $16,155,000. 91.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLAY has been the subject of a number of recent research reports. Loop Capital lowered their price objective on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, June 14th. StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Truist Financial reduced their price target on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, June 11th. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, June 13th. Finally, Piper Sandler reiterated a “neutral” rating and set a $71.00 price target (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.71.

Insider Activity

In related news, CFO Darin Harper bought 13,438 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, July 3rd. The stock was acquired at an average cost of $38.78 per share, with a total value of $521,125.64. Following the completion of the acquisition, the chief financial officer now directly owns 35,598 shares in the company, valued at approximately $1,380,490.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Dave & Buster’s Entertainment Trading Up 2.3 %

Shares of NASDAQ PLAY opened at $36.06 on Friday. Dave & Buster’s Entertainment Inc has a 12 month low of $33.07 and a 12 month high of $69.82. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 15.34 and a beta of 2.13. 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 business has a fifty day simple moving average of $43.13 and a 200-day simple moving average of $52.34.

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

Dave & Buster’s Entertainment 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.