Headlands Technologies LLC Takes Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Headlands Technologies LLC acquired a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 994 shares of the restaurant operator’s stock, valued at approximately $54,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. raised its position in Dave & Buster’s Entertainment by 67.3% in the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 292 shares during the last quarter. FSC Wealth Advisors LLC bought a new position in Dave & Buster’s Entertainment in the 4th quarter valued at approximately $45,000. GAMMA Investing LLC bought a new position in Dave & Buster’s Entertainment during the 4th quarter worth $53,000. DekaBank Deutsche Girozentrale acquired a new position in Dave & Buster’s Entertainment during the 3rd quarter worth about $101,000. Finally, CenterBook Partners LP bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at about $222,000. Institutional investors own 91.45% of the company’s stock.

Wall Street Analysts Forecast Growth

PLAY has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Piper Sandler restated a “neutral” rating and issued a $71.00 price target (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, March 25th. UBS Group boosted their target price on shares of Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, StockNews.com raised shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.21.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $52.30 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 5.11. Dave & Buster’s Entertainment Inc has a twelve month low of $31.65 and a twelve month high of $69.82. The company has a fifty day moving average of $60.15 and a 200-day moving average of $51.32. The firm has a market capitalization of $2.11 billion, a P/E ratio of 18.61 and a beta of 2.08.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.04). Dave & Buster’s Entertainment had a net margin of 5.76% and a return on equity of 53.96%. The company had revenue of $599.10 million during the quarter, compared to the consensus estimate of $603.41 million. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 3.89 EPS for the current year.

Insider Activity

In related news, SVP John Mulleady sold 42,824 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at approximately $3,803,848.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the completion of the sale, the senior vice president now owns 57,132 shares in the company, valued at approximately $3,803,848.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the transaction, the director now directly owns 33,546 shares in the company, valued at $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

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.