GSA Capital Partners LLP purchased a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 4,800 shares of the restaurant operator’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in shares of Dave & Buster’s Entertainment by 9.7% in the 2nd quarter. Bank of Montreal Can now owns 14,493 shares of the restaurant operator’s stock valued at $690,000 after purchasing an additional 1,283 shares in the last quarter. Aurora Investment Counsel boosted its stake in shares of Dave & Buster’s Entertainment by 4.1% in the 2nd quarter. Aurora Investment Counsel now owns 33,159 shares of the restaurant operator’s stock valued at $1,578,000 after purchasing an additional 1,291 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 9.1% in the 1st quarter. OppenheimerFunds Inc. now owns 15,449 shares of the restaurant operator’s stock valued at $645,000 after purchasing an additional 1,292 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Dave & Buster’s Entertainment by 11.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 15,567 shares of the restaurant operator’s stock valued at $741,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of Dave & Buster’s Entertainment by 28.4% in the 1st quarter. Profund Advisors LLC now owns 8,048 shares of the restaurant operator’s stock valued at $336,000 after purchasing an additional 1,782 shares in the last quarter.

NASDAQ:PLAY opened at $63.80 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47. Dave & Buster’s Entertainment Inc has a one year low of $37.85 and a one year high of $64.74. The company has a market cap of $2.45 billion, a P/E ratio of 24.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.49.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, topping the consensus estimate of $0.67 by $0.17. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The business had revenue of $319.20 million for the quarter, compared to the consensus estimate of $311.85 million. During the same period last year, the company earned $0.59 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. analysts expect that Dave & Buster’s Entertainment Inc will post 2.75 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 24th.

In related news, COO Margo Lynn Manning sold 5,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $48.50, for a total transaction of $242,500.00. Following the sale, the chief operating officer now directly owns 13,563 shares in the company, valued at approximately $657,805.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen M. King sold 30,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $64.49, for a total transaction of $1,934,700.00. Following the sale, the director now owns 20,556 shares in the company, valued at $1,325,656.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 158,600 shares of company stock worth $9,693,365. 3.40% of the stock is owned by corporate insiders.

PLAY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, July 17th. ValuEngine downgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. BidaskClub upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. Raymond James raised their price target on shares of Dave & Buster’s Entertainment from $52.50 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 12th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $56.00 price target on shares of Dave & Buster’s Entertainment in a research note on Tuesday, June 12th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Dave & Buster’s Entertainment has a consensus rating of “Buy” and an average price target of $68.70.

Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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.

See Also: Intrinsic Value

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

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