Infrastructure Capital Advisors LLC acquired a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,640 shares of the restaurant operator’s stock, valued at approximately $309,000.

Several other hedge funds have also modified their holdings of PLAY. Walthausen & Co. LLC acquired a new position in Dave & Buster’s Entertainment in the 1st quarter worth about $10,097,000. Nordea Investment Management AB grew its position in shares of Dave & Buster’s Entertainment by 3.2% during the 1st quarter. Nordea Investment Management AB now owns 75,283 shares of the restaurant operator’s stock valued at $3,755,000 after buying an additional 2,311 shares during the last quarter. State of Tennessee Treasury Department grew its position in shares of Dave & Buster’s Entertainment by 0.6% during the 1st quarter. State of Tennessee Treasury Department now owns 114,135 shares of the restaurant operator’s stock valued at $5,691,000 after buying an additional 637 shares during the last quarter. Sarasin & Partners LLP grew its position in shares of Dave & Buster’s Entertainment by 11.1% during the 2nd quarter. Sarasin & Partners LLP now owns 300,000 shares of the restaurant operator’s stock valued at $12,141,000 after buying an additional 30,000 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its position in shares of Dave & Buster’s Entertainment by 41.2% during the 1st quarter. State of Wisconsin Investment Board now owns 211,800 shares of the restaurant operator’s stock valued at $10,562,000 after buying an additional 61,800 shares during the last quarter.

In related news, SVP John Mulleady sold 7,500 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $39.94, for a total transaction of $299,550.00. Following the completion of the sale, the senior vice president now directly owns 21,319 shares of the company’s stock, valued at $851,480.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Griffith bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were acquired at an average cost of $39.32 per share, with a total value of $196,600.00. Following the completion of the purchase, the director now owns 16,327 shares of the company’s stock, valued at $641,977.64. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.

PLAY has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research report on Monday, September 2nd. TheStreet cut shares of Dave & Buster’s Entertainment from a “b” rating to a “c+” rating in a research report on Friday, June 21st. Jefferies Financial Group cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the stock from $56.00 to $40.00 in a research report on Tuesday, July 2nd. Wells Fargo & Co decreased their target price on shares of Dave & Buster’s Entertainment from $46.00 to $40.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Raymond James cut shares of Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and a consensus price target of $48.48.

Shares of Dave & Buster’s Entertainment stock traded down $0.61 on Thursday, hitting $41.09. The company had a trading volume of 35,899 shares, compared to its average volume of 1,125,163. The business has a 50-day simple moving average of $40.47 and a 200-day simple moving average of $46.65. The company has a debt-to-equity ratio of 4.17, a current ratio of 0.28 and a quick ratio of 0.17. The company has a market cap of $1.52 billion, a PE ratio of 14.31, a PEG ratio of 0.97 and a beta of 0.86. Dave & Buster’s Entertainment Inc has a 52 week low of $37.21 and a 52 week high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.04. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 29.12%. The business had revenue of $344.60 million during the quarter, compared to analysts’ expectations of $345.27 million. On average, equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.97 earnings per share for the current fiscal year.

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 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.

See Also: Earnings Per Share (EPS)

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

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