46,064 Shares in Dave & Buster’s Entertainment, Inc. $PLAY Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 46,064 shares of the restaurant operator’s stock, valued at approximately $837,000.

A number of other hedge funds also recently made changes to their positions in the stock. Public Sector Pension Investment Board boosted its stake in shares of Dave & Buster’s Entertainment by 11.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 105,158 shares of the restaurant operator’s stock valued at $1,910,000 after purchasing an additional 10,891 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in Dave & Buster’s Entertainment in the third quarter valued at $304,000. Cibc World Market Inc. boosted its position in Dave & Buster’s Entertainment by 236.9% during the third quarter. Cibc World Market Inc. now owns 336,900 shares of the restaurant operator’s stock valued at $6,118,000 after acquiring an additional 236,900 shares during the last quarter. Rhumbline Advisers grew its holdings in Dave & Buster’s Entertainment by 3.7% during the 3rd quarter. Rhumbline Advisers now owns 87,291 shares of the restaurant operator’s stock worth $1,585,000 after acquiring an additional 3,150 shares during the period. Finally, AlTi Global Inc. bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $247,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Trading Down 1.2%

Shares of PLAY stock opened at $15.41 on Friday. Dave & Buster’s Entertainment, Inc. has a 52-week low of $13.04 and a 52-week high of $35.53. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. The company has a 50-day simple moving average of $17.78 and a two-hundred day simple moving average of $18.94. The company has a market capitalization of $534.42 million, a price-to-earnings ratio of -385.15 and a beta of 1.78.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The firm had revenue of $448.20 million for the quarter, compared to the consensus estimate of $460.66 million. During the same period in the prior year, the business earned ($0.45) EPS. Dave & Buster’s Entertainment’s quarterly revenue was down 1.1% compared to the same quarter last year. Research analysts anticipate that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLAY shares. Loop Capital set a $20.00 target price on Dave & Buster’s Entertainment in a report on Wednesday, December 10th. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. BMO Capital Markets cut their price target on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.83.

Dave & Buster’s Entertainment 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.