Engineers Gate Manager LP Purchases 358,588 Shares of Dave & Buster’s Entertainment, Inc. $PLAY

Engineers Gate Manager LP increased its holdings in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 200.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 537,254 shares of the restaurant operator’s stock after buying an additional 358,588 shares during the quarter. Engineers Gate Manager LP owned 1.54% of Dave & Buster’s Entertainment worth $6,125,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at $27,000. Legal & General Group Plc acquired a new position in Dave & Buster’s Entertainment in the 2nd quarter worth $28,000. Caitong International Asset Management Co. Ltd boosted its stake in Dave & Buster’s Entertainment by 616.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 1,671 shares during the period. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $33,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

NASDAQ:PLAY opened at $8.14 on Friday. The stock has a market capitalization of $283.19 million, a PE ratio of -4.31 and a beta of 1.82. Dave & Buster’s Entertainment, Inc. has a 1-year low of $7.94 and a 1-year high of $24.99. The firm has a fifty day simple moving average of $9.91 and a 200 day simple moving average of $11.46. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 15.01.

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

Analysts Set New Price Targets

PLAY has been the topic of several research reports. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 16th. Zacks Research raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Citigroup initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, June 29th. They issued a “market perform” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. Finally, Citizens Jmp assumed coverage on shares of Dave & Buster’s Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $19.33.

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.