MUFG Securities EMEA plc Makes New $7.36 Million Investment in Dave & Buster’s Entertainment, Inc. $PLAY

MUFG Securities EMEA plc bought a new stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 454,000 shares of the restaurant operator’s stock, valued at approximately $7,359,000.

Several other large investors have also recently modified their holdings of the stock. Nomura Holdings Inc. increased its position in shares of Dave & Buster’s Entertainment by 532.9% during the 3rd quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock valued at $43,787,000 after purchasing an additional 2,030,186 shares during the last quarter. Clearline Capital LP increased its position in shares of Dave & Buster’s Entertainment by 20.4% during the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock valued at $29,419,000 after purchasing an additional 274,541 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Dave & Buster’s Entertainment by 232.3% during the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after purchasing an additional 443,308 shares during the last quarter. UBS Group AG increased its position in shares of Dave & Buster’s Entertainment by 137.2% during the 3rd quarter. UBS Group AG now owns 509,924 shares of the restaurant operator’s stock valued at $9,260,000 after purchasing an additional 294,916 shares during the last quarter. Finally, Fund 1 Investments LLC bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $7,791,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $13.37 on Monday. Dave & Buster’s Entertainment, Inc. has a twelve month low of $9.61 and a twelve month high of $35.53. The stock has a market capitalization of $464.47 million, a price-to-earnings ratio of -9.35 and a beta of 1.81. The stock has a fifty day simple moving average of $11.91 and a two-hundred day simple moving average of $15.03. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 16.61.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, March 31st. The restaurant operator reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.74). Dave & Buster’s Entertainment had a negative return on equity of 7.93% and a negative net margin of 2.32%.The firm had revenue of $529.60 million during the quarter, compared to analysts’ expectations of $556.56 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. Dave & Buster’s Entertainment’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts predict that Dave & Buster’s Entertainment, Inc. will post -0.86 EPS for the current fiscal year.

Analyst Ratings Changes

PLAY has been the topic of several research analyst reports. Wall Street Zen downgraded Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. Piper Sandler cut their price objective on Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Zacks Research downgraded Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.83.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP Steve Klohn sold 6,989 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $14.69, for a total value of $102,668.41. Following the completion of the sale, the senior vice president directly owned 38,547 shares in the company, valued at approximately $566,255.43. This represents a 15.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.73% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.