Quantbot Technologies LP Raises Position in Dave & Buster’s Entertainment, Inc. $PLAY

Quantbot Technologies LP lifted its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 123.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 53,368 shares of the restaurant operator’s stock after buying an additional 29,524 shares during the period. Quantbot Technologies LP’s holdings in Dave & Buster’s Entertainment were worth $1,605,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PLAY. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Dave & Buster’s Entertainment by 24.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,890 shares of the restaurant operator’s stock valued at $209,000 after acquiring an additional 2,308 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter worth $139,000. XTX Topco Ltd bought a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter worth $354,000. US Bancorp DE raised its holdings in shares of Dave & Buster’s Entertainment by 442.0% in the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 1,273 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Dave & Buster’s Entertainment by 9.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator’s stock valued at $9,081,000 after purchasing an additional 44,911 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Down 4.7%

Dave & Buster’s Entertainment stock opened at $17.32 on Friday. The firm has a 50 day moving average price of $16.48 and a 200-day moving average price of $23.09. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 9.32. Dave & Buster’s Entertainment, Inc. has a twelve month low of $13.04 and a twelve month high of $38.43. The company has a market capitalization of $600.48 million, a P/E ratio of 50.94 and a beta of 1.77.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Monday, September 15th. The restaurant operator reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.52). Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The company had revenue of $557.40 million during the quarter, compared to the consensus estimate of $565.43 million. During the same period last year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts predict that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. Piper Sandler reduced their target price on Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Truist Financial decreased their price target on Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, September 16th. Finally, Zacks Research cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.50.

Dave & Buster’s Entertainment Profile

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