LS Investment Advisors LLC cut its stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,663 shares of the restaurant operator’s stock after selling 17 shares during the period. LS Investment Advisors LLC’s holdings in Dave & Buster’s Entertainment were worth $177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Dave & Buster’s Entertainment by 128,117.4% in the first quarter. BlackRock Inc. now owns 4,429,910 shares of the restaurant operator’s stock valued at $270,623,000 after buying an additional 4,426,455 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Dave & Buster’s Entertainment by 129.3% in the first quarter. Ameriprise Financial Inc. now owns 999,640 shares of the restaurant operator’s stock worth $61,068,000 after buying an additional 563,599 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth approximately $31,865,000. Vanguard Group Inc. increased its stake in shares of Dave & Buster’s Entertainment by 11.7% in the first quarter. Vanguard Group Inc. now owns 3,912,633 shares of the restaurant operator’s stock worth $239,022,000 after buying an additional 411,339 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth approximately $24,436,000.

Dave & Buster’s Entertainment, Inc. (NASDAQ PLAY) traded up 0.6617% during trading on Tuesday, reaching $61.6452. The company had a trading volume of 182,492 shares. The stock has a 50 day moving average of $66.12 and a 200-day moving average of $62.20. The stock has a market capitalization of $2.56 billion, a P/E ratio of 26.0877 and a beta of 0.64. Dave & Buster’s Entertainment, Inc. has a 12-month low of $37.60 and a 12-month high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Thursday, June 8th. The restaurant operator reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.17. Dave & Buster’s Entertainment had a net margin of 9.78% and a return on equity of 22.71%. The business had revenue of $304.15 million during the quarter, compared to the consensus estimate of $299.77 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, analysts forecast that Dave & Buster’s Entertainment, Inc. will post $2.61 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment declared that its board has authorized a share repurchase program on Tuesday, June 6th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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A number of analysts have issued reports on the company. Canaccord Genuity raised their target price on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Jefferies Group LLC raised their price target on Dave & Buster’s Entertainment from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, June 9th. BidaskClub raised Dave & Buster’s Entertainment from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. SunTrust Banks, Inc. set a $85.00 price target on Dave & Buster’s Entertainment and gave the stock a “buy” rating in a report on Wednesday, June 7th. Finally, Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. Dave & Buster’s Entertainment has a consensus rating of “Buy” and an average price target of $77.33.

In other Dave & Buster’s Entertainment news, SVP Jay L. Tobin sold 19,186 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $71.70, for a total value of $1,375,636.20. Following the completion of the transaction, the senior vice president now owns 56,071 shares of the company’s stock, valued at $4,020,290.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $66.46, for a total transaction of $664,600.00. Following the completion of the transaction, the chief operating officer now directly owns 15,447 shares of the company’s stock, valued at approximately $1,026,607.62. The disclosure for this sale can be found here. Insiders have sold 146,686 shares of company stock valued at $10,250,811 over the last 90 days. 5.60% of the stock is currently owned by insiders.

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Institutional Ownership by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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