Healthcare of Ontario Pension Plan Trust Fund Has $15.77 Million Stock Position in Dave & Buster’s Entertainment, Inc. $PLAY

Healthcare of Ontario Pension Plan Trust Fund lowered its position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,456,000 shares of the restaurant operator’s stock after selling 59,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 4.19% of Dave & Buster’s Entertainment worth $15,768,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its position in Dave & Buster’s Entertainment by 616.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 1,671 shares during the period. Leonteq Securities AG acquired a new stake in Dave & Buster’s Entertainment during the fourth quarter worth $42,000. Quadrant Capital Group LLC bought a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at $104,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Dave & Buster’s Entertainment by 292.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 3,772 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

NASDAQ:PLAY opened at $10.43 on Tuesday. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 15.01. The firm has a market cap of $362.86 million, a PE ratio of -5.52 and a beta of 1.84. Dave & Buster’s Entertainment, Inc. has a 12 month low of $9.40 and a 12 month high of $33.30. The company’s 50-day moving average price is $11.32 and its two-hundred day moving average price is $13.44.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The firm had revenue of $559.20 million for the quarter, compared to analyst estimates of $580.60 million. During the same period in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts anticipate that Dave & Buster’s Entertainment, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on PLAY shares. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 16th. Piper Sandler decreased their price objective on Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. Zacks Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Finally, Citizens Jmp assumed coverage on Dave & Buster’s Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.33.

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.