Paloma Partners Management Co Sells 474 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Paloma Partners Management Co cut its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,041 shares of the restaurant operator’s stock after selling 474 shares during the period. Paloma Partners Management Co’s holdings in Dave & Buster’s Entertainment were worth $444,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. SG Americas Securities LLC increased its position in Dave & Buster’s Entertainment by 1,931.4% in the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock valued at $1,541,000 after buying an additional 36,793 shares in the last quarter. Eminence Capital LP increased its position in Dave & Buster’s Entertainment by 69.3% in the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $5,191,000. LMR Partners LLP bought a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at about $3,167,000. Finally, Nisa Investment Advisors LLC increased its position in Dave & Buster’s Entertainment by 32.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 206,535 shares of the restaurant operator’s stock valued at $8,222,000 after buying an additional 51,022 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

Insider Activity at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris acquired 14,912 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the purchase, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $37.43 on Thursday. Dave & Buster’s Entertainment Inc has a twelve month low of $29.31 and a twelve month high of $69.82. The stock’s 50 day moving average price is $36.48 and its 200-day moving average price is $37.54. The company has a market capitalization of $1.47 billion, a PE ratio of 13.66 and a beta of 2.13. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The firm had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. During the same quarter in the previous year, the business earned $0.94 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Loop Capital decreased their price objective on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Truist Financial decreased their price objective on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. BMO Capital Markets decreased their price objective on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating for the company in a report on Tuesday, November 26th. Finally, Benchmark assumed coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.57.

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 entrees 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.