HL Financial Services LLC cut its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,968 shares of the restaurant operator’s stock after selling 7 shares during the period. HL Financial Services LLC’s holdings in Dave & Buster’s Entertainment were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in 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 in the last quarter. Tyers Asset Management LLC increased its position in 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 in the last quarter. Strs Ohio increased its position in 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 in the last quarter. Flinton Capital Management LLC increased its position in 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 in the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its position in 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 in the last quarter.

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) opened at 61.66 on Tuesday. The firm has a 50 day moving average price of $64.41 and a 200-day moving average price of $62.57. The firm has a market capitalization of $2.56 billion, a P/E ratio of 26.09 and a beta of 0.64. Dave & Buster’s Entertainment, Inc. has a 52 week low of $37.60 and a 52 week high of $73.48.

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

Dave & Buster’s Entertainment announced that its Board of Directors has initiated a stock buyback plan on Tuesday, June 6th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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Several research analysts recently commented on PLAY shares. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, May 23rd. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Thursday, May 18th. Maxim Group reissued a “buy” rating and issued a $72.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Friday, June 2nd. SunTrust Banks, Inc. set a $85.00 price objective on Dave & Buster’s Entertainment and gave the company a “buy” rating in a research note on Wednesday, June 7th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $77.00 price objective (up from $64.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. Dave & Buster’s Entertainment currently has an average rating of “Buy” and an average target price of $77.33.

In other news, CFO Brian Jenkins sold 22,500 shares of the company’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $66.53, for a total value of $1,496,925.00. Following the sale, the chief financial officer now directly owns 1 shares in the company, valued at $66.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Mulleady sold 2,500 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $66.75, for a total value of $166,875.00. Following the completion of the sale, the senior vice president now owns 5,101 shares in the company, valued at $340,491.75. The disclosure for this sale can be found here. Insiders sold 144,186 shares of company stock worth $10,085,186 over the last 90 days. Company insiders own 5.60% of the company’s stock.

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

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