Engineers Gate Manager LP Has $6.12 Million Stock Holdings in Dave & Buster’s Entertainment, Inc. $PLAY

Engineers Gate Manager LP lifted its position in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 200.7% in the second quarter, Holdings Channel reports. The institutional investor owned 537,254 shares of the restaurant operator’s stock after acquiring an additional 358,588 shares during the period. Engineers Gate Manager LP’s holdings in Dave & Buster’s Entertainment were worth $6,125,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at about $25,000. Advisory Services Network LLC acquired a new stake in Dave & Buster’s Entertainment in the 3rd quarter worth about $27,000. Legal & General Group Plc bought a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in Dave & Buster’s Entertainment by 616.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 1,671 shares during the period. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $33,000. Institutional investors own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup started coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating for the company. Citizens Jmp assumed coverage on Dave & Buster’s Entertainment in a research note on Monday, June 29th. They set a “market perform” rating on the stock. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. Finally, BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $19.33.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $8.14 on Friday. The business has a fifty day simple moving average of $9.91 and a 200 day simple moving average of $11.46. The company has a market cap of $283.19 million, a P/E ratio of -4.31 and a beta of 1.82. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 15.01. Dave & Buster’s Entertainment, Inc. has a twelve month low of $7.94 and a twelve month high of $24.99.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Monday, June 15th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Dave & Buster’s Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%. The business had revenue of $559.20 million during the quarter, compared to the consensus estimate of $580.60 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Dave & Buster’s Entertainment, Inc. will post -1.1 EPS for the current fiscal 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.