GSA Capital Partners LLP Buys Shares of 107,683 Dave & Buster’s Entertainment, Inc. $PLAY

GSA Capital Partners LLP purchased a new position in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 107,683 shares of the restaurant operator’s stock, valued at approximately $1,228,000.

Other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position 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 in the fourth quarter worth approximately $42,000. Quadrant Capital Group LLC bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at $104,000. Finally, Tower Research Capital LLC TRC boosted its stake in Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after purchasing an additional 3,772 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $10.15 on Tuesday. Dave & Buster’s Entertainment, Inc. has a 1 year low of $9.40 and a 1 year high of $26.31. The business’s fifty day moving average is $10.86 and its two-hundred day moving average is $12.53. The stock has a market capitalization of $353.12 million, a P/E ratio of -5.37 and a beta of 1.86. The company has a debt-to-equity ratio of 15.01, a quick ratio of 0.20 and a current ratio of 0.29.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released 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). The company had revenue of $559.20 million for the quarter, compared to the consensus estimate of $580.60 million. Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share. On average, research analysts forecast that Dave & Buster’s Entertainment, Inc. will post -1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLAY has been the topic of a number of research reports. Citizens Jmp began coverage on Dave & Buster’s Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Citigroup started coverage on Dave & Buster’s Entertainment in a research note on Monday, June 29th. They set a “market perform” rating for the company. UBS Group lowered their target price on Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. Finally, BMO Capital Markets cut their price target on shares of Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.33.

Dave & Buster’s Entertainment Company 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.