Nationwide Fund Advisors cut its position in shares of Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) by 18.5% during the second quarter, Holdings Channel reports. The firm owned 189,678 shares of the company’s stock after selling 43,150 shares during the period. Nationwide Fund Advisors owned approximately 0.45% of Dave & Buster’s Entertainment worth $8,875,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new stake in Dave & Buster’s Entertainment during the fourth quarter worth about $8,227,000. Pacad Investment Ltd. acquired a new stake in Dave & Buster’s Entertainment during the first quarter worth about $380,000. Teachers Advisors Inc. increased its stake in Dave & Buster’s Entertainment by 14.3% in the first quarter. Teachers Advisors Inc. now owns 223,618 shares of the company’s stock worth $8,672,000 after buying an additional 27,982 shares during the period. Algert Global LLC increased its stake in Dave & Buster’s Entertainment by 82.0% in the first quarter. Algert Global LLC now owns 18,399 shares of the company’s stock worth $714,000 after buying an additional 8,289 shares during the period. Finally, BlackRock Group LTD increased its stake in Dave & Buster’s Entertainment by 69.8% in the first quarter. BlackRock Group LTD now owns 31,427 shares of the company’s stock worth $1,218,000 after buying an additional 12,918 shares during the period.

Shares of Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) traded up 0.12% during trading on Tuesday, reaching $40.20. 658,786 shares of the company were exchanged. Dave & Buster’s Entertainment Inc. has a one year low of $29.54 and a one year high of $49.90. The company has a market capitalization of $1.69 billion, a PE ratio of 21.71 and a beta of 0.57. The firm’s 50 day moving average price is $43.79 and its 200 day moving average price is $42.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 6th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.06. Dave & Buster’s Entertainment had a return on equity of 22.08% and a net margin of 8.59%. The business had revenue of $244.30 million for the quarter. During the same quarter in the previous year, the company earned $0.40 earnings per share. The business’s revenue was up 12.4% on a year-over-year basis. Equities research analysts forecast that Dave & Buster’s Entertainment Inc. will post $1.93 earnings per share for the current fiscal year.

PLAY has been the topic of a number of recent research reports. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $51.00 price objective (up from $49.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, June 8th. BMO Capital Markets reiterated a “buy” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, June 8th. Stifel Nicolaus downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the company from $50.00 to $45.00 in a report on Tuesday, July 26th. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “strong-buy” rating to a “sell” rating in a report on Wednesday, August 10th. Finally, Canaccord Genuity initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, August 22nd. They issued a “buy” rating and a $52.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $47.64.

In related news, SVP John Mulleady sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $40.61, for a total value of $101,525.00. Following the sale, the senior vice president now directly owns 1,751 shares in the company, valued at $71,108.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen M. King sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $46.27, for a total value of $1,388,100.00. Following the completion of the sale, the chief executive officer now owns 1 shares in the company, valued at $46.27. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment Company Profile

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