Jane Street Group LLC Purchases 3,319 Shares of Dave & Buster's Entertainment, Inc. (PLAY)
Jane Street Group LLC increased its position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) by 114.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,216 shares of the restaurant operator’s stock after purchasing an additional 3,319 shares during the period. Jane Street Group LLC’s holdings in Dave & Buster's Entertainment were worth $326,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of PLAY. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Dave & Buster's Entertainment by 147.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 1,286 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Dave & Buster's Entertainment in the second quarter worth $153,000. Aperio Group LLC purchased a new stake in Dave & Buster's Entertainment in the second quarter worth $202,000. First Republic Investment Management Inc. purchased a new stake in Dave & Buster's Entertainment in the third quarter worth $203,000. Finally, Teacher Retirement System of Texas purchased a new stake in Dave & Buster's Entertainment in the second quarter worth $224,000.
Several equities research analysts recently weighed in on PLAY shares. TheStreet raised Dave & Buster's Entertainment from a “c” rating to a “b-” rating in a research note on Thursday, November 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 price target (down from $75.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, September 6th. Maxim Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Dave & Buster's Entertainment in a research note on Wednesday, September 6th. Zacks Investment Research raised Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, August 29th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $69.00 target price on shares of Dave & Buster's Entertainment in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $71.10.
Dave & Buster's Entertainment (NASDAQ:PLAY) last released its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The business had revenue of $250.00 million for the quarter, compared to the consensus estimate of $255.70 million. During the same period in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. sell-side analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.65 EPS for the current fiscal year.
Dave & Buster's Entertainment declared that its Board of Directors has initiated a share repurchase plan on Friday, September 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 4.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, SVP J Michael Plunkett sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $51.20, for a total transaction of $153,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jay L. Tobin sold 4,000 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $55.00, for a total value of $220,000.00. Following the transaction, the senior vice president now directly owns 52,071 shares in the company, valued at $2,863,905. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock worth $1,024,540 over the last three months. Corporate insiders own 3.84% of the company’s stock.
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Dave & Buster's Entertainment Company Profile
Dave & Busters 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.
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