Price T Rowe Associates Inc. MD Has $750,000 Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Price T Rowe Associates Inc. MD boosted its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,682 shares of the restaurant operator’s stock after buying an additional 2,244 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of Dave & Buster’s Entertainment worth $750,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC increased its position in Dave & Buster’s Entertainment by 7.7% in the 4th quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator’s stock valued at $602,000 after acquiring an additional 1,479 shares during the period. Keeley Teton Advisors LLC grew its stake in shares of Dave & Buster’s Entertainment by 25.0% in the fourth quarter. Keeley Teton Advisors LLC now owns 62,732 shares of the restaurant operator’s stock worth $1,831,000 after purchasing an additional 12,557 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at $1,899,000. Quinn Opportunity Partners LLC acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at $1,943,000. Finally, LSV Asset Management raised its position in Dave & Buster’s Entertainment by 30.1% during the 4th quarter. LSV Asset Management now owns 184,786 shares of the restaurant operator’s stock worth $5,394,000 after purchasing an additional 42,786 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Down 5.6%

Shares of Dave & Buster’s Entertainment stock opened at $19.86 on Monday. The stock’s 50-day moving average is $18.85 and its 200 day moving average is $26.43. Dave & Buster’s Entertainment Inc has a one year low of $15.08 and a one year high of $57.10. The firm has a market cap of $685.47 million, a price-to-earnings ratio of 9.83 and a beta of 1.94. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company’s revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. Equities research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.52 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on PLAY shares. Piper Sandler reduced their price target on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Loop Capital cut their price objective on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Truist Financial lowered their price target on shares of Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.00.

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.