SG Americas Securities LLC Cuts Stake in Dave & Buster’s Entertainment, Inc. $PLAY

SG Americas Securities LLC decreased its position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 85.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,284 shares of the restaurant operator’s stock after selling 219,061 shares during the period. SG Americas Securities LLC owned about 0.11% of Dave & Buster’s Entertainment worth $1,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearline Capital LP lifted its position in Dave & Buster’s Entertainment by 17.7% in the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator’s stock valued at $23,706,000 after purchasing an additional 203,012 shares during the period. Nuveen LLC purchased a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth approximately $2,453,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter valued at approximately $968,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 9.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator’s stock valued at $9,081,000 after buying an additional 44,911 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at approximately $784,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLAY has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 8th. Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, September 16th. UBS Group reduced their price target on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Zacks Research cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th. Finally, Piper Sandler dropped their price objective on Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.33.

Dave & Buster’s Entertainment Trading Up 7.6%

Shares of PLAY opened at $14.12 on Friday. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.33 and a quick ratio of 0.22. Dave & Buster’s Entertainment, Inc. has a 1-year low of $13.04 and a 1-year high of $40.10. The stock has a market cap of $489.50 million, a price-to-earnings ratio of 41.53 and a beta of 2.02. The firm has a 50 day simple moving average of $17.12 and a 200-day simple moving average of $23.40.

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

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 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.