Bank of Montreal Can raised its stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 36.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,218 shares of the restaurant operator’s stock after buying an additional 8,913 shares during the period. Bank of Montreal Can’s holdings in Dave & Buster’s Entertainment were worth $2,209,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Dave & Buster’s Entertainment by 335.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 1,468 shares during the period. Tyers Asset Management LLC increased its stake in shares of Dave & Buster’s Entertainment by 9.2% in the first quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 168 shares during the period. Strs Ohio increased its stake in shares of Dave & Buster’s Entertainment by 76.9% in the first quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 1,000 shares during the period. Flinton Capital Management LLC increased its stake in shares of Dave & Buster’s Entertainment by 9.2% in the first quarter. Flinton Capital Management LLC now owns 2,414 shares of the restaurant operator’s stock valued at $148,000 after buying an additional 204 shares during the period. Finally, Point72 Asia Hong Kong Ltd increased its stake in shares of Dave & Buster’s Entertainment by 14,258.8% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,441 shares of the restaurant operator’s stock valued at $149,000 after buying an additional 2,424 shares during the period.

Dave & Buster’s Entertainment, Inc. (NASDAQ PLAY) traded down 0.81% on Friday, reaching $60.01. 461,033 shares of the company traded hands. The company has a 50-day moving average price of $64.58 and a 200-day moving average price of $62.40. Dave & Buster’s Entertainment, Inc. has a 12 month low of $37.60 and a 12 month high of $73.48. The company has a market capitalization of $2.49 billion, a P/E ratio of 25.40 and a beta of 0.64.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Thursday, June 8th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.17. The firm had revenue of $304.15 million during the quarter, compared to analyst estimates of $299.77 million. Dave & Buster’s Entertainment had a net margin of 9.78% and a return on equity of 22.71%. Dave & Buster’s Entertainment’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. Equities research analysts expect that Dave & Buster’s Entertainment, Inc. will post $2.61 EPS for the current year.

Dave & Buster’s Entertainment declared that its board has initiated a share repurchase plan on Tuesday, June 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the restaurant operator to purchase up to 3.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies increased their target price on shares of Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 target price on shares of Dave & Buster’s Entertainment in a research note on Thursday, May 18th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $77.00 target price (up previously from $64.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Dave & Buster’s Entertainment presently has a consensus rating of “Buy” and an average target price of $77.33.

In other Dave & Buster’s Entertainment news, SVP Jay L. Tobin sold 19,186 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $71.70, for a total transaction of $1,375,636.20. Following the completion of the transaction, the senior vice president now directly owns 56,071 shares of the company’s stock, valued at approximately $4,020,290.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $66.46, for a total transaction of $664,600.00. Following the transaction, the chief operating officer now directly owns 15,447 shares of the company’s stock, valued at $1,026,607.62. The disclosure for this sale can be found here. Insiders have sold a total of 146,686 shares of company stock valued at $10,250,811 over the last three months. 5.60% of the stock is currently owned by company insiders.

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

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