Boyar Asset Management Inc. Buys Shares of 6,825 Dave & Buster’s Entertainment, Inc. $PLAY

Boyar Asset Management Inc. bought a new stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) in the second quarter, HoldingsChannel reports. The fund bought 6,825 shares of the restaurant operator’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLAY. US Bancorp DE grew its stake in Dave & Buster’s Entertainment by 442.0% in the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 1,273 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth about $37,000. Signaturefd LLC boosted its position in shares of Dave & Buster’s Entertainment by 1,427.5% during the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock worth $75,000 after buying an additional 3,997 shares during the period. GAMMA Investing LLC boosted its position in shares of Dave & Buster’s Entertainment by 3,974.8% during the first 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 during the period. Finally, Federated Hermes Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the first quarter worth about $139,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Tarun Lal acquired 8,060 shares of the business’s stock in a transaction dated Tuesday, July 22nd. The stock was bought at an average cost of $31.26 per share, with a total value of $251,955.60. Following the completion of the transaction, the chief executive officer directly owned 8,060 shares in the company, valued at approximately $251,955.60. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PLAY has been the subject of several recent research reports. Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, September 16th. Piper Sandler reduced their price objective on Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Zacks Research cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Saturday, September 27th. Finally, Loop Capital upped their price objective on Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.33.

Dave & Buster’s Entertainment Stock Performance

PLAY opened at $18.83 on Friday. Dave & Buster’s Entertainment, Inc. has a 52-week low of $15.08 and a 52-week high of $43.73. The firm has a market capitalization of $652.78 million, a PE ratio of 55.38 and a beta of 1.97. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.22 and a current ratio of 0.33. The business’s 50-day simple moving average is $23.75 and its 200 day simple moving average is $23.97.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.60). Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The company had revenue of $557.40 million for the quarter, compared to the consensus estimate of $565.43 million. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

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.