Dave & Buster’s Entertainment Inc (PLAY) Holdings Trimmed by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 29.9% during the third quarter, HoldingsChannel reports. The firm owned 21,894 shares of the restaurant operator’s stock after selling 9,338 shares during the quarter. SG Americas Securities LLC’s holdings in Dave & Buster’s Entertainment were worth $1,450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pitcairn Co. bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $201,000. Everence Capital Management Inc. bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at $228,000. Private Advisor Group LLC bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at $272,000. Signition LP bought a new position in Dave & Buster’s Entertainment during the 2nd quarter valued at $208,000. Finally, GSA Capital Partners LLP bought a new position in Dave & Buster’s Entertainment during the 2nd quarter valued at $228,000.

NASDAQ PLAY opened at $54.56 on Thursday. The firm has a market cap of $2.12 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.29 and a beta of 0.63. Dave & Buster’s Entertainment Inc has a one year low of $37.85 and a one year high of $67.05. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.17. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. The company had revenue of $319.20 million during the quarter, compared to analyst estimates of $311.85 million. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.85 EPS for the current fiscal year.

Several brokerages have weighed in on PLAY. BidaskClub upgraded Dave & Buster’s Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 22nd. Loop Capital began coverage on Dave & Buster’s Entertainment in a research note on Wednesday, October 24th. They set a “buy” rating and a $70.00 price objective on the stock. Maxim Group restated a “buy” rating and set a $71.00 price objective (up from $68.00) on shares of Dave & Buster’s Entertainment in a research note on Friday, September 14th. SunTrust Banks raised their price objective on Dave & Buster’s Entertainment to $74.00 and gave the company a “positive” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Friday, October 5th. Fourteen research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $69.82.

In related news, CMO John P. Gleason sold 9,100 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $61.88, for a total value of $563,108.00. Following the completion of the sale, the chief marketing officer now owns 24,358 shares of the company’s stock, valued at approximately $1,507,273.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $59.80, for a total value of $119,600.00. Following the completion of the sale, the senior vice president now directly owns 3,671 shares of the company’s stock, valued at approximately $219,525.80. The disclosure for this sale can be found here. In the last three months, insiders sold 148,600 shares of company stock valued at $9,306,183. 3.40% of the stock is currently owned by insiders.

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About Dave & Buster’s Entertainment

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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