New York State Common Retirement Fund Sells 6,409 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

New York State Common Retirement Fund lowered its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,056 shares of the restaurant operator’s stock after selling 6,409 shares during the period. New York State Common Retirement Fund owned about 0.06% of Dave & Buster’s Entertainment worth $1,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. AE Wealth Management LLC lifted its stake in Dave & Buster’s Entertainment by 9.7% during the third quarter. AE Wealth Management LLC now owns 16,279 shares of the restaurant operator’s stock worth $624,000 after purchasing an additional 1,436 shares during the last quarter. Maryland State Retirement & Pension System bought a new stake in Dave & Buster’s Entertainment during the third quarter worth about $581,000. Ellevest Inc. lifted its stake in Dave & Buster’s Entertainment by 39.7% during the third quarter. Ellevest Inc. now owns 1,404 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 399 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Dave & Buster’s Entertainment by 3,433.3% in the third quarter. FNY Investment Advisers LLC now owns 5,000 shares of the restaurant operator’s stock worth $191,000 after buying an additional 5,150 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Dave & Buster’s Entertainment by 2.9% in the second quarter. Parametric Portfolio Associates LLC now owns 154,589 shares of the restaurant operator’s stock worth $6,276,000 after buying an additional 4,348 shares during the period. 99.69% of the stock is owned by hedge funds and other institutional investors.

PLAY stock opened at $38.06 on Friday. The stock has a market capitalization of $1.84 billion, a PE ratio of 77.67, a price-to-earnings-growth ratio of 1.11 and a beta of 2.00. Dave & Buster’s Entertainment Inc has a 12-month low of $29.83 and a 12-month high of $51.73. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.97. The stock’s 50 day simple moving average is $36.76 and its 200 day simple moving average is $36.87.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, December 7th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.09. The business had revenue of $317.98 million for the quarter, compared to analysts’ expectations of $319.74 million. Dave & Buster’s Entertainment had a return on equity of 12.97% and a net margin of 2.43%. The firm’s quarterly revenue was up 191.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.01) EPS. On average, research analysts predict that Dave & Buster’s Entertainment Inc will post 2.32 earnings per share for the current year.

Several research analysts have recently commented on PLAY shares. Jefferies Financial Group upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $56.00 in a report on Friday, September 24th. Truist Securities boosted their price target on Dave & Buster’s Entertainment from $56.00 to $60.00 in a report on Wednesday. Gordon Haskett upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Friday. Zacks Investment Research upgraded Dave & Buster’s Entertainment from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a report on Wednesday, November 10th. Finally, Truist boosted their price target on Dave & Buster’s Entertainment from $56.00 to $60.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Buy” and a consensus price target of $50.00.

In related news, CEO Kevin M. Sheehan bought 15,000 shares of the firm’s stock in a transaction on Thursday, December 9th. The stock was acquired at an average cost of $34.92 per share, for a total transaction of $523,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.57% of the stock is currently owned by insiders.

Dave & Buster’s Entertainment Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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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