Russell Investments Group Ltd. Cuts Holdings in Dave & Buster’s Entertainment, Inc. $PLAY

Russell Investments Group Ltd. lessened its stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 34.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 222,015 shares of the restaurant operator’s stock after selling 116,620 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dave & Buster’s Entertainment were worth $3,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE grew its stake in Dave & Buster’s Entertainment by 442.0% in the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock worth $27,000 after buying an additional 1,273 shares in the last quarter. Signaturefd LLC grew its stake in Dave & Buster’s Entertainment by 1,427.5% in the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock worth $75,000 after buying an additional 3,997 shares in the last quarter. GAMMA Investing LLC grew its stake in Dave & Buster’s Entertainment by 3,974.8% in the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock worth $77,000 after buying an additional 4,253 shares in the last quarter. Parallax Volatility Advisers L.P. lifted its holdings in shares of Dave & Buster’s Entertainment by 9.3% in the 4th quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock worth $217,000 after acquiring an additional 632 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter worth approximately $139,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 5.7%

NASDAQ:PLAY opened at $25.34 on Friday. The company has a fifty day moving average of $29.68 and a 200 day moving average of $24.01. Dave & Buster’s Entertainment, Inc. has a 52 week low of $15.08 and a 52 week high of $43.73. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. The firm has a market capitalization of $876.26 million, a P/E ratio of 25.09 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). Dave & Buster’s Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate of $572.12 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, research analysts predict that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CEO Tarun Lal acquired 8,060 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was acquired at an average cost of $31.26 per share, for a total transaction of $251,955.60. Following the acquisition, the chief executive officer owned 8,060 shares of the company’s stock, valued at $251,955.60. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Mulleady sold 5,931 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total transaction of $194,477.49. Following the completion of the transaction, the senior vice president owned 42,550 shares of the company’s stock, valued at $1,395,214.50. This trade represents a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, June 11th. BMO Capital Markets boosted their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, June 11th. UBS Group boosted their price objective on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, June 11th. Loop Capital boosted their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. Finally, Piper Sandler boosted their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, June 11th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.83.

About Dave & Buster’s Entertainment

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.