Martingale Asset Management L P lifted its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 18.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,204 shares of the restaurant operator’s stock after purchasing an additional 3,904 shares during the period. Martingale Asset Management L P owned 0.06% of Dave & Buster’s Entertainment worth $1,677,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PLAY. Tower Research Capital LLC TRC raised its stake in shares of 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 worth $116,000 after purchasing an additional 1,468 shares in the last quarter. Strs Ohio raised its stake in shares of Dave & Buster’s Entertainment by 76.9% during the 1st quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Dave & Buster’s Entertainment by 147.6% during the 2nd 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 in the last quarter. Point72 Asia Hong Kong Ltd raised its stake in shares of Dave & Buster’s Entertainment by 14,258.8% during the 1st 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 in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Dave & Buster’s Entertainment by 86.8% during the 1st quarter. LS Investment Advisors LLC now owns 2,680 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 1,245 shares in the last quarter.

In related news, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total transaction of $664,600.00. Following the sale, the chief operating officer now directly owns 15,447 shares in the company, valued at approximately $1,026,607.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian Jenkins sold 22,500 shares of the business’s stock in a transaction on Friday, June 30th. The shares were 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 owns 1 shares in the company, valued at $66.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,500 shares of company stock worth $4,909,000. Corporate insiders own 5.60% of the company’s stock.

A number of brokerages have recently issued reports on PLAY. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Canaccord Genuity increased their price target on 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. Piper Jaffray Companies increased their price target on Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. BidaskClub cut Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, BMO Capital Markets set a $72.00 price target on Dave & Buster’s Entertainment and gave the company an “outperform” rating in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. Dave & Buster’s Entertainment presently has a consensus rating of “Buy” and an average price target of $74.11.

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Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) opened at 52.85 on Friday. The firm’s 50-day moving average price is $57.68 and its 200 day moving average price is $62.60. The company has a market cap of $2.19 billion, a PE ratio of 20.57 and a beta of 0.65. 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 earnings results 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 firm had revenue of $280.80 million for 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 business’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. On average, equities analysts predict that Dave & Buster’s Entertainment, Inc. will post $2.69 EPS for the current fiscal year.

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

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.

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

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