Landscape Capital Management L.L.C. Purchases New Shares in Dave & Buster’s Entertainment, Inc. $PLAY

Landscape Capital Management L.L.C. acquired a new stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 184,305 shares of the restaurant operator’s stock, valued at approximately $2,101,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its stake in Dave & Buster’s Entertainment by 0.5% in the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after purchasing an additional 637 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Dave & Buster’s Entertainment by 3.1% in the fourth quarter. Deutsche Bank AG now owns 24,794 shares of the restaurant operator’s stock valued at $402,000 after buying an additional 741 shares in the last quarter. Nuveen LLC raised its holdings in shares of Dave & Buster’s Entertainment by 1.2% in the fourth quarter. Nuveen LLC now owns 102,226 shares of the restaurant operator’s stock valued at $1,657,000 after buying an additional 1,254 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Dave & Buster’s Entertainment in the third quarter valued at about $27,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Dave & Buster’s Entertainment by 616.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after buying an additional 1,671 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $10.25 on Friday. The stock has a 50-day moving average price of $10.66 and a 200 day moving average price of $12.33. 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 $356.60 million, a price-to-earnings ratio of -5.42 and a beta of 1.86. Dave & Buster’s Entertainment, Inc. has a 12 month low of $9.40 and a 12 month high of $26.31.

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

Wall Street Analysts Forecast Growth

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