Intech Investment Management LLC Acquires 46,210 Shares of Dave & Buster’s Entertainment, Inc. $PLAY

Intech Investment Management LLC boosted its holdings in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 38.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 165,393 shares of the restaurant operator’s stock after acquiring an additional 46,210 shares during the quarter. Intech Investment Management LLC’s holdings in Dave & Buster’s Entertainment were worth $3,004,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PLAY. Kazazian Asset Management LLC boosted its stake in shares of Dave & Buster’s Entertainment by 10.3% in the 3rd quarter. Kazazian Asset Management LLC now owns 75,693 shares of the restaurant operator’s stock valued at $1,375,000 after purchasing an additional 7,058 shares in the last quarter. CenterBook Partners LP bought a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $763,000. GSA Capital Partners LLP acquired a new stake in Dave & Buster’s Entertainment in the third quarter valued at approximately $837,000. Public Sector Pension Investment Board boosted its position in Dave & Buster’s Entertainment by 11.6% in the third quarter. Public Sector Pension Investment Board now owns 105,158 shares of the restaurant operator’s stock valued at $1,910,000 after buying an additional 10,891 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $304,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLAY. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. UBS Group dropped their target price on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, January 16th. Finally, BMO Capital Markets lowered their price objective on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.83.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $14.24 on Tuesday. The company has a market capitalization of $493.84 million, a price-to-earnings ratio of -355.91 and a beta of 1.79. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. Dave & Buster’s Entertainment, Inc. has a twelve month low of $13.04 and a twelve month high of $35.53. The stock has a fifty day simple moving average of $17.41 and a 200 day simple moving average of $18.41.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). The company had revenue of $448.20 million during the quarter, compared to the consensus estimate of $460.66 million. Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.45) EPS. Sell-side analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current year.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.