28,809 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Purchased by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC purchased a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 28,809 shares of the restaurant operator’s stock, valued at approximately $1,803,000. Keeley Teton Advisors LLC owned about 0.07% of Dave & Buster’s Entertainment as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC grew its stake in shares of Dave & Buster’s Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 233 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of Dave & Buster’s Entertainment by 1.3% during the 1st 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. Federated Hermes Inc. lifted its position in shares of Dave & Buster’s Entertainment by 67.3% during the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after buying an additional 292 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in shares of Dave & Buster’s Entertainment by 3.5% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator’s stock valued at $560,000 after acquiring an additional 300 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $38,000. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ PLAY traded up $0.82 during midday trading on Friday, hitting $36.06. The company’s stock had a trading volume of 816,035 shares, compared to its average volume of 1,087,450. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 15.34 and a beta of 2.13. The company has a current ratio of 0.32, a quick ratio of 0.24 and a debt-to-equity ratio of 4.41. The stock has a fifty day moving average price of $43.13 and a 200 day moving average price of $52.34. Dave & Buster’s Entertainment Inc has a one year low of $33.07 and a one year high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $588.10 million for the quarter, compared to the consensus estimate of $615.88 million. During the same period in the previous year, the firm earned $1.45 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts forecast that Dave & Buster’s Entertainment Inc will post 3.03 EPS for the current fiscal year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

PLAY has been the topic of several research analyst reports. UBS Group cut their price objective 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. William Blair restated an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, June 11th. StockNews.com raised shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler restated 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 note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Dave & Buster’s Entertainment presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.71.

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.