Cibc World Market Inc. Takes $2.10 Million Position in Dave & Buster’s Entertainment, Inc. $PLAY

Cibc World Market Inc. purchased a new stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 184,000 shares of the restaurant operator’s stock, valued at approximately $2,098,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. lifted its holdings in Dave & Buster’s Entertainment by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after purchasing an additional 637 shares in the last quarter. Deutsche Bank AG increased its position in shares of Dave & Buster’s Entertainment by 3.1% during the fourth quarter. Deutsche Bank AG now owns 24,794 shares of the restaurant operator’s stock valued at $402,000 after buying an additional 741 shares during the period. Nuveen LLC increased its position in shares of Dave & Buster’s Entertainment by 1.2% during the fourth quarter. Nuveen LLC now owns 102,226 shares of the restaurant operator’s stock valued at $1,657,000 after buying an additional 1,254 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth about $27,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Dave & Buster’s Entertainment by 616.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,671 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLAY has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. UBS Group lowered their target price on shares of Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Citizens Jmp initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, June 16th. Finally, Citigroup began coverage on Dave & Buster’s Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $19.33.

Dave & Buster’s Entertainment Trading Down 2.1%

Shares of PLAY opened at $9.86 on Thursday. Dave & Buster’s Entertainment, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $26.31. The firm has a market cap of $343.03 million, a price-to-earnings ratio of -5.22 and a beta of 1.86. The firm has a 50 day moving average price of $10.57 and a 200-day moving average price of $12.08. The company has a debt-to-equity ratio of 15.01, a quick ratio of 0.20 and a current ratio of 0.29.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Monday, June 15th. The restaurant operator reported $0.22 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.38). The business had revenue of $559.20 million for the quarter, compared to the consensus estimate of $580.60 million. Dave & Buster’s Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%. Dave & Buster’s Entertainment’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. As a group, equities research analysts forecast that Dave & Buster’s Entertainment, Inc. will post -1.1 earnings per share for the current year.

About Dave & Buster’s Entertainment

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.