Glenmede Trust Co. NA boosted its holdings in Dave & Buster’s (NASDAQ:PLAY) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 970,967 shares of the restaurant operator’s stock after buying an additional 74,599 shares during the quarter. Glenmede Trust Co. NA owned approximately 2.39% of Dave & Buster’s worth $53,567,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. KBC Group NV bought a new position in shares of Dave & Buster’s during the fourth quarter worth about $172,000. Fortaleza Asset Management Inc. increased its holdings in Dave & Buster’s by 97.6% in the fourth quarter. Fortaleza Asset Management Inc. now owns 3,645 shares of the restaurant operator’s stock worth $201,000 after purchasing an additional 1,800 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in Dave & Buster’s in the third quarter worth approximately $203,000. Crossmark Global Holdings Inc. bought a new stake in Dave & Buster’s in the third quarter worth approximately $268,000. Finally, AMP Capital Investors Ltd bought a new stake in Dave & Buster’s in the fourth quarter worth approximately $275,000.
Several equities research analysts have recently commented on the company. Wells Fargo decreased their price objective on Dave & Buster’s from $60.00 to $56.00 and set an “outperform” rating for the company in a report on Wednesday, March 28th. ValuEngine cut Dave & Buster’s from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. BMO Capital Markets boosted their price objective on Dave & Buster’s to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Maxim Group cut their price objective on Dave & Buster’s from $83.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, March 27th. Finally, SunTrust Banks upped their price target on Dave & Buster’s to $95.00 and gave the company an “in-line” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $61.10.
NASDAQ PLAY traded up $0.02 on Friday, hitting $41.58. The company’s stock had a trading volume of 1,564,084 shares, compared to its average volume of 1,446,810. Dave & Buster’s has a 52-week low of $37.85 and a 52-week high of $73.48. The stock has a market cap of $1,649.31, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.05 and a beta of 0.44. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.26 and a current ratio of 0.46.
Dave & Buster’s (NASDAQ:PLAY) last announced its earnings results on Tuesday, April 3rd. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Dave & Buster’s had a return on equity of 24.67% and a net margin of 10.61%. The firm had revenue of $304.90 million during the quarter, compared to analyst estimates of $304.82 million. During the same quarter in the prior year, the company earned $0.63 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. sell-side analysts predict that Dave & Buster’s will post 2.64 earnings per share for the current year.
In other news, Director Kevin M. Sheehan purchased 10,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were purchased at an average cost of $45.58 per share, for a total transaction of $455,800.00. Following the purchase, the director now directly owns 60,138 shares in the company, valued at approximately $2,741,090.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $46.60, for a total value of $93,200.00. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.
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About Dave & Buster’s
Dave & Buster's 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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