Invictus RG Takes Position in Dave & Buster’s Entertainment Inc (PLAY)

Invictus RG bought a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,400 shares of the restaurant operator’s stock, valued at approximately $821,000. Dave & Buster’s Entertainment accounts for approximately 0.6% of Invictus RG’s investment portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its position in Dave & Buster’s Entertainment by 9.7% during the second quarter. Bank of Montreal Can now owns 14,493 shares of the restaurant operator’s stock worth $690,000 after acquiring an additional 1,283 shares during the period. Janney Montgomery Scott LLC grew its stake in Dave & Buster’s Entertainment by 11.4% during the second quarter. Janney Montgomery Scott LLC now owns 15,567 shares of the restaurant operator’s stock worth $741,000 after buying an additional 1,593 shares in the last quarter. TD Asset Management Inc. acquired a new stake in Dave & Buster’s Entertainment during the second quarter worth about $2,532,000. New York State Teachers Retirement System grew its stake in Dave & Buster’s Entertainment by 20.4% during the second quarter. New York State Teachers Retirement System now owns 41,293 shares of the restaurant operator’s stock worth $1,966,000 after buying an additional 7,000 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Dave & Buster’s Entertainment by 15.2% during the second quarter. Wells Fargo & Company MN now owns 158,367 shares of the restaurant operator’s stock worth $7,539,000 after buying an additional 20,923 shares in the last quarter.

A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Canaccord Genuity increased their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. They noted that the move was a valuation call. Gordon Haskett assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Thursday, October 18th. They set a “buy” rating and a $70.00 price objective on the stock. ValuEngine upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Finally, SunTrust Banks increased their price objective on shares of Dave & Buster’s Entertainment to $74.00 and gave the stock a “positive” rating in a research note on Monday, September 17th. Fourteen equities research analysts have rated the stock with a buy rating, Dave & Buster’s Entertainment currently has an average rating of “Buy” and an average price target of $69.82.

In related news, Director Stephen M. King sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $61.87, for a total value of $5,568,300.00. Following the completion of the transaction, the director now owns 80,691 shares in the company, valued at approximately $4,992,352.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen M. King sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $64.49, for a total transaction of $1,934,700.00. Following the completion of the transaction, the director now owns 20,556 shares of the company’s stock, valued at approximately $1,325,656.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,600 shares of company stock worth $9,306,183. 3.40% of the stock is currently owned by corporate insiders.

PLAY opened at $54.56 on Wednesday. Dave & Buster’s Entertainment Inc has a 1-year low of $37.85 and a 1-year high of $67.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47. The company has a market capitalization of $2.21 billion, a PE ratio of 20.98, a P/E/G ratio of 1.38 and a beta of 0.63.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The company had revenue of $319.20 million for the quarter, compared to the consensus estimate of $311.85 million. During the same period last year, the company posted $0.59 EPS. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, analysts expect that Dave & Buster’s Entertainment Inc will post 2.76 earnings per share for the current year.

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Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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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Institutional Ownership by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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