The Manufacturers Life Insurance Company increased its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 11.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,499 shares of the restaurant operator’s stock after buying an additional 3,296 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of Dave & Buster’s Entertainment worth $2,161,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Osterweis Capital Management Inc. raised its position in Dave & Buster’s Entertainment by 2.9% in the second quarter. Osterweis Capital Management Inc. now owns 81,909 shares of the restaurant operator’s stock valued at $5,448,000 after purchasing an additional 2,335 shares during the period. Caxton Associates LP raised its position in Dave & Buster’s Entertainment by 133.3% in the second quarter. Caxton Associates LP now owns 105,000 shares of the restaurant operator’s stock valued at $6,984,000 after purchasing an additional 60,000 shares during the period. Summit Partners Public Asset Management LLC purchased a new stake in Dave & Buster’s Entertainment in the second quarter valued at $6,651,000. State Street Corp raised its position in Dave & Buster’s Entertainment by 11.0% in the second quarter. State Street Corp now owns 974,960 shares of the restaurant operator’s stock valued at $64,846,000 after purchasing an additional 96,239 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in Dave & Buster’s Entertainment in the second quarter valued at $2,588,000.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) opened at $46.53 on Friday. The stock has a market capitalization of $1,912.43, a PE ratio of 18.91, a PEG ratio of 1.18 and a beta of 0.53. Dave & Buster’s Entertainment, Inc. has a 1 year low of $39.15 and a 1 year high of $73.48. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The business had revenue of $280.80 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. equities research analysts predict that Dave & Buster’s Entertainment, Inc. will post 2.66 earnings per share for the current year.

Dave & Buster’s Entertainment announced that its board has approved a stock buyback plan on Friday, September 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the restaurant operator to purchase up to 4.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

In other Dave & Buster’s Entertainment news, CEO Stephen M. King sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $49.80, for a total transaction of $2,241,000.00. Following the completion of the sale, the chief executive officer now directly owns 22,501 shares of the company’s stock, valued at approximately $1,120,549.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Jenkins sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $50.10, for a total value of $375,750.00. Following the sale, the chief financial officer now directly owns 1 shares of the company’s stock, valued at $50.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,000 shares of company stock valued at $2,901,075. Insiders own 3.84% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “The Manufacturers Life Insurance Company Has $2.16 Million Position in Dave & Buster’s Entertainment, Inc. (PLAY)” was published by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/the-manufacturers-life-insurance-company-has-2-16-million-position-in-dave-busters-entertainment-inc-play/1680088.html.

A number of equities research analysts have commented on PLAY shares. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 target price (down previously from $74.00) on shares of Dave & Buster’s Entertainment in a research report on Friday, September 1st. Zacks Investment Research upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Tuesday, August 22nd. Canaccord Genuity cut their price objective on Dave & Buster’s Entertainment from $75.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. TheStreet downgraded Dave & Buster’s Entertainment from a “b” rating to a “c” rating in a report on Wednesday, October 4th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $77.00 price objective on shares of Dave & Buster’s Entertainment in a report on Monday, July 24th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. Dave & Buster’s Entertainment presently has a consensus rating of “Buy” and a consensus target price of $71.90.

Dave & Buster’s Entertainment Company Profile

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.

Want to see what other hedge funds are holding PLAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY).

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

Receive News & Ratings for Dave & Buster's Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.