Chicago Equity Partners LLC reduced its position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 26.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,915 shares of the restaurant operator’s stock after selling 9,865 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.07% of Dave & Buster’s Entertainment worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in PLAY. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dave & Buster’s Entertainment by 147.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after buying an additional 1,286 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Dave & Buster’s Entertainment in the second quarter worth $153,000. Aperio Group LLC purchased a new stake in Dave & Buster’s Entertainment in the second quarter worth $202,000. Teacher Retirement System of Texas purchased a new stake in Dave & Buster’s Entertainment in the second quarter worth $224,000. Finally, Advisors Asset Management Inc. increased its position in Dave & Buster’s Entertainment by 11.4% in the second quarter. Advisors Asset Management Inc. now owns 3,382 shares of the restaurant operator’s stock worth $225,000 after buying an additional 347 shares during the last quarter.

In related news, CEO Stephen M. King sold 45,000 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $49.80, for a total transaction of $2,241,000.00. Following the completion of the sale, the chief executive officer now owns 22,501 shares of the company’s stock, valued at $1,120,549.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Jenkins sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $50.10, for a total value of $375,750.00. Following the sale, the chief financial officer now directly owns 1 shares of the company’s stock, valued at approximately $50.10. The disclosure for this sale can be found here. Insiders have sold 58,000 shares of company stock valued at $2,901,075 in the last three months. 3.84% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment, Inc. (PLAY) opened at $49.79 on Tuesday. The firm has a market capitalization of $2,007.37, a price-to-earnings ratio of 19.85, a PEG ratio of 1.24 and a beta of 0.53. Dave & Buster’s Entertainment, Inc. has a 52-week low of $44.55 and a 52-week high of $73.48. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.44 and a quick ratio of 0.32.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The company had revenue of $280.80 million during the quarter, compared to analyst estimates of $281.69 million. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share. analysts anticipate that Dave & Buster’s Entertainment, Inc. will post 2.66 EPS for the current year.

Dave & Buster’s Entertainment announced that its Board of Directors has initiated a stock buyback program on Friday, September 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the restaurant operator to reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

A number of research firms have issued reports on PLAY. BMO Capital Markets set a $72.00 target price on Dave & Buster’s Entertainment and gave the stock an “outperform” rating in a research report on Tuesday, August 29th. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Canaccord Genuity reduced their price target on Dave & Buster’s Entertainment from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. Maxim Group reiterated a “buy” rating and issued a $78.00 price target on shares of Dave & Buster’s Entertainment in a research report on Wednesday, September 6th. Finally, BidaskClub cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $71.90.

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Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ entrées 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.

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

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