Legal & General Group Plc raised its position in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) by 12.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 83,125 shares of the restaurant operator’s stock after purchasing an additional 9,011 shares during the quarter. Legal & General Group Plc owned approximately 0.20% of Dave & Buster's Entertainment worth $4,364,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Dave & Buster's Entertainment by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock valued at $304,033,000 after purchasing an additional 141,356 shares during the period. Voya Investment Management LLC increased its position in Dave & Buster's Entertainment by 4.7% during the 2nd quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock valued at $69,707,000 after purchasing an additional 47,031 shares during the period. Dimensional Fund Advisors LP increased its position in Dave & Buster's Entertainment by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,033,691 shares of the restaurant operator’s stock valued at $68,751,000 after purchasing an additional 22,602 shares during the period. Victory Capital Management Inc. increased its position in Dave & Buster's Entertainment by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,005,120 shares of the restaurant operator’s stock valued at $66,851,000 after purchasing an additional 95,338 shares during the period. Finally, Wells Fargo & Company MN increased its position in Dave & Buster's Entertainment by 6.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,001,832 shares of the restaurant operator’s stock valued at $66,632,000 after purchasing an additional 61,034 shares during the period.

In related news, SVP J Michael Plunkett sold 3,000 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $51.20, for a total value of $153,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jay L. Tobin sold 4,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $55.00, for a total value of $220,000.00. Following the completion of the transaction, the senior vice president now owns 52,071 shares in the company, valued at $2,863,905. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,000 shares of company stock worth $1,024,540. 3.84% of the stock is owned by company insiders.

Dave & Buster's Entertainment, Inc. (PLAY) opened at $55.46 on Thursday. The stock has a market capitalization of $2,212.96, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.39 and a beta of 0.58. Dave & Buster's Entertainment, Inc. has a twelve month low of $45.71 and a twelve month high of $73.48. The company has a current ratio of 0.38, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70.

Dave & Buster's Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $255.70 million. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. sell-side analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.65 earnings per share for the current fiscal year.

Dave & Buster's Entertainment declared that its Board of Directors has initiated a share repurchase program on Friday, September 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to purchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

A number of equities analysts have issued reports on the company. Raymond James Financial set a $63.00 price target on Dave & Buster's Entertainment and gave the stock a “buy” rating in a report on Wednesday, December 6th. Canaccord Genuity restated a “buy” rating and set a $70.00 price target on shares of Dave & Buster's Entertainment in a report on Wednesday, December 6th. Maxim Group increased their price target on Dave & Buster's Entertainment from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. BMO Capital Markets cut their price target on Dave & Buster's Entertainment to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, December 6th. Finally, Wells Fargo & Company cut their price target on Dave & Buster's Entertainment from $71.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.10.

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About Dave & Buster's Entertainment

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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