Macquarie Group Ltd. increased its holdings in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,052 shares of the restaurant operator’s stock after acquiring an additional 4,827 shares during the quarter. Macquarie Group Ltd. owned about 0.24% of Dave & Buster’s Entertainment worth $6,654,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of PLAY. BlackRock Inc. boosted its stake in Dave & Buster’s Entertainment by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock valued at $304,033,000 after purchasing an additional 141,356 shares during the period. Vanguard Group Inc. lifted its position in shares of Dave & Buster’s Entertainment by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 3,912,633 shares of the restaurant operator’s stock valued at $239,022,000 after acquiring an additional 411,339 shares during the period. Voya Investment Management LLC lifted its position in shares of Dave & Buster’s Entertainment by 4.7% during the 2nd quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock valued at $69,707,000 after acquiring an additional 47,031 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Dave & Buster’s Entertainment by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,033,691 shares of the restaurant operator’s stock valued at $68,751,000 after acquiring an additional 22,602 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Dave & Buster’s Entertainment by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,005,120 shares of the restaurant operator’s stock valued at $66,851,000 after acquiring an additional 95,338 shares during the period.
A number of research firms have recently weighed in on PLAY. Maxim Group reiterated a “buy” rating and set a $78.00 target price on shares of Dave & Buster’s Entertainment in a research report on Thursday, August 24th. Canaccord Genuity reissued a “buy” rating and set a $72.00 price target on shares of Dave & Buster’s Entertainment in a report on Sunday, October 22nd. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $70.00 target price (down previously from $72.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.00.
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In other news, SVP J Michael Plunkett sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian Jenkins sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $52.30, for a total transaction of $104,600.00. Following the sale, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at approximately $263,696.60. The disclosure for this sale can be found here. Insiders have sold 58,000 shares of company stock valued at $2,901,075 over the last 90 days. 3.84% of the stock is currently owned by insiders.
Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ PLAY) opened at 49.30 on Friday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 19.19 and a beta of 0.59. The company’s 50 day moving average price is $50.37 and its 200 day moving average price is $60.76. Dave & Buster’s Entertainment, Inc. has a 12 month low of $39.15 and a 12 month high of $73.48.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $280.80 million during the quarter, compared to the consensus estimate of $281.69 million. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, equities analysts expect that Dave & Buster’s Entertainment, Inc. will post $2.68 EPS for the current fiscal year.
Dave & Buster’s Entertainment announced that its Board of Directors has initiated a stock repurchase plan on Friday, September 8th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the restaurant operator to buy up to 4.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Dave & Buster’s Entertainment Company Profile
Dave & Busters Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of Fun American New Gourmet entrées 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.
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