Hussman Strategic Advisors Inc. Invests $763,000 in Dave & Buster’s Entertainment, Inc. $PLAY

Hussman Strategic Advisors Inc. purchased a new position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,000 shares of the restaurant operator’s stock, valued at approximately $763,000. Hussman Strategic Advisors Inc. owned 0.12% of Dave & Buster’s Entertainment at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in Dave & Buster’s Entertainment during the second quarter worth $37,000. Tower Research Capital LLC TRC raised its stake in shares of Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after buying an additional 3,772 shares during the last quarter. Boyar Asset Management Inc. purchased a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter worth about $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $214,000. Finally, Yousif Capital Management LLC purchased a new position in Dave & Buster’s Entertainment during the 2nd quarter valued at about $225,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Down 0.4%

Shares of Dave & Buster’s Entertainment stock opened at $19.22 on Thursday. Dave & Buster’s Entertainment, Inc. has a 1-year low of $13.04 and a 1-year high of $35.53. The business has a 50-day moving average of $17.72 and a 200-day moving average of $20.43. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22. The company has a market capitalization of $666.55 million, a PE ratio of -480.38 and a beta of 1.74.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The company had revenue of $448.20 million for the quarter, compared to analyst estimates of $460.66 million. During the same period in the prior year, the business earned ($0.45) earnings per share. Dave & Buster’s Entertainment’s revenue was down 1.1% on a year-over-year basis. As a group, equities analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PLAY shares. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Loop Capital set a $20.00 target price on Dave & Buster’s Entertainment in a report on Wednesday, December 10th. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, UBS Group reduced their price objective on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.83.

Dave & Buster’s Entertainment Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.