Campbell & CO Investment Adviser LLC Buys New Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

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Campbell & CO Investment Adviser LLC bought a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 8,509 shares of the restaurant operator’s stock, valued at approximately $331,000.

Several other large investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its holdings in shares of Dave & Buster’s Entertainment by 91.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 23,788 shares of the restaurant operator’s stock valued at $926,000 after buying an additional 11,395 shares during the period. Hancock Whitney Corp acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $3,091,000. Nomura Holdings Inc. acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $297,000. AJ Wealth Strategies LLC acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $512,000. Finally, HG Vora Capital Management LLC acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $80,940,000.

A number of brokerages have weighed in on PLAY. SunTrust Banks lowered their price objective on Dave & Buster’s Entertainment from $45.00 to $41.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. William Blair lowered Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 11th. Loop Capital lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Jefferies Financial Group lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the company from $56.00 to $40.00 in a research note on Tuesday, July 2nd. Finally, Piper Jaffray Companies lowered their price objective on Dave & Buster’s Entertainment from $55.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.81.

Shares of PLAY opened at $40.32 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.95 and a beta of 0.84. The stock has a 50 day moving average of $40.57 and a 200-day moving average of $45.08. The company has a current ratio of 0.30, a quick ratio of 0.20 and a debt-to-equity ratio of 6.73. Dave & Buster’s Entertainment Inc has a 52 week low of $37.21 and a 52 week high of $61.75.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 EPS for the quarter, topping the consensus estimate of $0.86 by $0.04. The company had revenue of $344.60 million during the quarter, compared to analyst estimates of $345.27 million. Dave & Buster’s Entertainment had a return on equity of 32.64% and a net margin of 8.78%. On average, sell-side analysts predict that Dave & Buster’s Entertainment Inc will post 2.81 earnings per share for the current fiscal year.

The company also recently announced a 0.15000 dividend, which will be paid on Monday, November 11th. Stockholders of record on Friday, October 11th will be given a $0.16 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 1.6%. Dave & Buster’s Entertainment’s payout ratio is 21.84%.

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 entrées 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.

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Institutional Ownership by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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