LSV Asset Management Boosts Stock Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

LSV Asset Management raised its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 30.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 184,786 shares of the restaurant operator’s stock after buying an additional 42,786 shares during the period. LSV Asset Management’s holdings in Dave & Buster’s Entertainment were worth $5,394,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. NewEdge Wealth LLC grew its stake in Dave & Buster’s Entertainment by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock worth $21,235,000 after buying an additional 85,820 shares during the last quarter. Boston Partners grew its stake in shares of Dave & Buster’s Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock worth $16,563,000 after acquiring an additional 323,595 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dave & Buster’s Entertainment by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator’s stock worth $13,775,000 after acquiring an additional 9,733 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Dave & Buster’s Entertainment by 1,100.8% during the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock valued at $12,405,000 after acquiring an additional 389,577 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Dave & Buster’s Entertainment by 72.3% in the 4th quarter. Russell Investments Group Ltd. now owns 338,635 shares of the restaurant operator’s stock valued at $9,885,000 after purchasing an additional 142,045 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $17.10 on Monday. The business’s 50-day moving average is $20.56 and its two-hundred day moving average is $28.51. The company has a market capitalization of $590.21 million, a P/E ratio of 8.47 and a beta of 1.86. Dave & Buster’s Entertainment Inc has a fifty-two week low of $15.08 and a fifty-two week high of $57.41. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same period last year, the company earned $0.88 earnings per share. Dave & Buster’s Entertainment’s revenue for the quarter was down 10.8% compared to the same quarter last year. Research analysts predict that Dave & Buster’s Entertainment Inc will post 2.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on PLAY. Loop Capital dropped their target price on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Truist Financial reduced their target price on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, April 2nd. Finally, Piper Sandler dropped their price target on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $33.00.

Dave & Buster’s Entertainment Company 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.