Seven Eight Capital LP Grows Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Seven Eight Capital LP increased its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 156.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 59,934 shares of the restaurant operator’s stock after buying an additional 36,563 shares during the period. Seven Eight Capital LP owned about 0.15% of Dave & Buster’s Entertainment worth $2,386,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PLAY. Headlands Technologies LLC lifted its position in shares of Dave & Buster’s Entertainment by 23.4% in the first quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 233 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Dave & Buster’s Entertainment by 1.3% in the first quarter. Illinois Municipal Retirement Fund now owns 19,369 shares of the restaurant operator’s stock worth $1,212,000 after buying an additional 248 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 3.5% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator’s stock valued at $560,000 after purchasing an additional 300 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Dave & Buster’s Entertainment by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock worth $645,000 after acquiring an additional 300 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Dave & Buster’s Entertainment by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after purchasing an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Insider Transactions at Dave & Buster’s Entertainment

In other news, CFO Darin Harper bought 13,438 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were purchased at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the transaction, the chief financial officer now directly owns 35,598 shares in the company, valued at $1,380,490.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PLAY. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. UBS Group cut their target price on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. Truist Financial lowered their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. Finally, William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.57.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $31.85 on Wednesday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 13.55 and a beta of 2.14. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment Inc has a twelve month low of $29.31 and a twelve month high of $69.82. The stock has a fifty day simple moving average of $33.77 and a two-hundred day simple moving average of $46.20.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. During the same period in the prior year, the business earned $0.94 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Dave & Buster’s Entertainment Inc will post 2.84 EPS for the current fiscal 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.