Sei Investments Co. increased its position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 91.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,152 shares of the restaurant operator’s stock after buying an additional 13,417 shares during the period. Sei Investments Co. owned approximately 0.07% of Dave & Buster’s Entertainment worth $1,872,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in 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 worth $270,623,000 after buying an additional 4,426,455 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Dave & Buster’s Entertainment by 13.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,011,089 shares of the restaurant operator’s stock worth $61,768,000 after buying an additional 123,291 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in 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 in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Dave & Buster’s Entertainment by 7.8% in the first quarter. Point72 Asset Management L.P. now owns 991,900 shares of the restaurant operator’s stock worth $60,595,000 after buying an additional 71,500 shares in the last quarter.

Dave & Buster’s Entertainment, Inc. (PLAY) opened at 59.68 on Friday. Dave & Buster’s Entertainment, Inc. has a one year low of $37.60 and a one year high of $73.48. The company has a market capitalization of $2.48 billion, a P/E ratio of 25.26 and a beta of 0.64. The stock’s 50 day moving average price is $62.94 and its 200-day moving average price is $62.86.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Thursday, June 8th. The restaurant operator reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.17. The company had revenue of $304.15 million during the quarter, compared to the consensus estimate of $299.77 million. Dave & Buster’s Entertainment had a net margin of 9.78% and a return on equity of 22.71%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. Equities analysts forecast that Dave & Buster’s Entertainment, Inc. will post $2.62 EPS for the current year.

Dave & Buster’s Entertainment declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the restaurant operator to purchase up to 3.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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PLAY has been the topic of a number of recent research reports. Piper Jaffray Companies increased their target price on Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Tuesday, August 22nd. BMO Capital Markets reissued a “buy” rating and issued a $77.00 target price (up from $64.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, June 7th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $77.00 target price on shares of Dave & Buster’s Entertainment in a research note on Monday, July 24th. Finally, SunTrust Banks, Inc. set a $85.00 target price on Dave & Buster’s Entertainment and gave the stock a “buy” rating in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. Dave & Buster’s Entertainment presently has an average rating of “Buy” and an average target price of $77.00.

In related news, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jay L. Tobin sold 19,186 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $71.70, for a total transaction of $1,375,636.20. Following the transaction, the senior vice president now directly owns 56,071 shares of the company’s stock, valued at $4,020,290.70. The disclosure for this sale can be found here. Insiders have sold a total of 144,186 shares of company stock valued at $10,085,186 over the last ninety days. 5.60% of the stock is owned by insiders.

Dave & Buster’s Entertainment Company Profile

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.

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

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