Thrivent Financial For Lutherans increased its position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 7.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,740 shares of the restaurant operator’s stock after acquiring an additional 1,670 shares during the period. Thrivent Financial For Lutherans owned approximately 0.05% of Dave & Buster’s Entertainment worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PLAY. Tower Research Capital LLC TRC grew its stake in Dave & Buster’s Entertainment by 335.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 1,468 shares during the last quarter. Strs Ohio raised 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 worth $140,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 purchasing an additional 1,286 shares during the last quarter. Point72 Asia Hong Kong Ltd raised 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 worth $149,000 after purchasing an additional 2,424 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Dave & Buster’s Entertainment by 29.6% in the first quarter. US Bancorp DE now owns 3,059 shares of the restaurant operator’s stock worth $187,000 after purchasing an additional 699 shares during the last quarter.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total value of $664,600.00. Following the sale, the chief operating officer now owns 15,447 shares of the company’s stock, valued at approximately $1,026,607.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Jenkins sold 500 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $52.25, for a total value of $26,125.00. Following the completion of the sale, the chief financial officer now directly owns 5,042 shares in the company, valued at approximately $263,444.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,000 shares of company stock worth $3,412,075. Insiders own 3.84% of the company’s stock.

A number of equities research analysts recently commented on PLAY shares. BidaskClub upgraded Dave & Buster’s Entertainment from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Jefferies Group LLC lifted their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Canaccord Genuity lifted their price objective on shares of Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, June 9th. SunTrust Banks, Inc. set a $85.00 price objective on shares of Dave & Buster’s Entertainment and gave the company a “buy” rating in a report on Wednesday, June 7th. Finally, Zacks Investment Research raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. Dave & Buster’s Entertainment has an average rating of “Buy” and a consensus price target of $74.11.

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Dave & Buster’s Entertainment, Inc. (NASDAQ PLAY) opened at 51.97 on Tuesday. The firm has a 50-day moving average of $55.48 and a 200-day moving average of $62.23. Dave & Buster’s Entertainment, Inc. has a 12-month low of $38.55 and a 12-month high of $73.48. The stock has a market cap of $2.14 billion, a PE ratio of 20.23 and a beta of 0.60.

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 for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $280.80 million for the quarter, compared to analyst estimates of $281.69 million. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. Dave & Buster’s Entertainment’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. Equities analysts predict that Dave & Buster’s Entertainment, Inc. will post $2.69 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment announced that its board has authorized a share buyback plan on Tuesday, June 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Dave & Buster’s Entertainment 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.

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

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