GSA Capital Partners LLP Buys 64,016 Shares of Dave & Buster’s Entertainment, Inc. $PLAY

GSA Capital Partners LLP boosted its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 139.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,080 shares of the restaurant operator’s stock after acquiring an additional 64,016 shares during the quarter. GSA Capital Partners LLP’s holdings in Dave & Buster’s Entertainment were worth $1,784,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its stake in Dave & Buster’s Entertainment by 0.5% during the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after acquiring an additional 637 shares during the last quarter. Advisory Services Network LLC bought a new stake in Dave & Buster’s Entertainment during the third quarter worth approximately $27,000. Ausdal Financial Partners Inc. increased its stake in Dave & Buster’s Entertainment by 9.0% during the second quarter. Ausdal Financial Partners Inc. now owns 25,220 shares of the restaurant operator’s stock worth $759,000 after acquiring an additional 2,078 shares during the last quarter. Cerity Partners LLC increased its stake in Dave & Buster’s Entertainment by 13.2% during the second quarter. Cerity Partners LLC now owns 22,654 shares of the restaurant operator’s stock worth $681,000 after acquiring an additional 2,644 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Dave & Buster’s Entertainment by 3.7% during the third quarter. Rhumbline Advisers now owns 87,291 shares of the restaurant operator’s stock worth $1,585,000 after acquiring an additional 3,150 shares during the last quarter. 91.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLAY has been the topic of several analyst reports. Zacks Research cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Wall Street Zen cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Monday, April 20th. Finally, Piper Sandler reduced their price objective on Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.83.

Insider Activity at Dave & Buster’s Entertainment

In other news, SVP Steve Klohn sold 6,989 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $14.69, for a total transaction of $102,668.41. Following the transaction, the senior vice president owned 38,547 shares of the company’s stock, valued at approximately $566,255.43. This represents a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.73% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 3.1%

PLAY opened at $10.72 on Wednesday. The stock has a market cap of $372.41 million, a price-to-earnings ratio of -7.50 and a beta of 1.78. The stock’s 50 day moving average price is $12.06 and its 200-day moving average price is $15.13. Dave & Buster’s Entertainment, Inc. has a one year low of $9.61 and a one year high of $35.53. The company has a debt-to-equity ratio of 16.61, a quick ratio of 0.19 and a current ratio of 0.29.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.74). The business had revenue of $529.60 million for the quarter, compared to the consensus estimate of $556.56 million. Dave & Buster’s Entertainment had a negative net margin of 2.32% and a negative return on equity of 7.93%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. On average, equities analysts forecast that Dave & Buster’s Entertainment, Inc. will post -0.86 EPS for the current year.

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.