UBS Asset Management Americas Inc. lifted its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 841.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,202 shares of the restaurant operator’s stock after purchasing an additional 137,830 shares during the period. UBS Asset Management Americas Inc. owned 0.37% of Dave & Buster’s Entertainment worth $10,256,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. 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. 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. 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. 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, Aperio Group LLC bought a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $202,000.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) opened at 49.21 on Friday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 19.16 and a beta of 0.59. Dave & Buster’s Entertainment, Inc. has a 12-month low of $39.00 and a 12-month high of $73.48. The company’s 50 day moving average price is $54.51 and its 200-day moving average price is $61.97.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The business 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%. Dave & Buster’s Entertainment’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. On average, equities analysts anticipate that Dave & Buster’s Entertainment, Inc. will post $2.70 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment announced that its Board of Directors has approved a share buyback program on Friday, September 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the restaurant operator to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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A number of brokerages have recently issued reports on PLAY. Piper Jaffray Companies reiterated a “buy” rating and set a $69.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Thursday. BidaskClub cut Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Canaccord Genuity upped their price objective on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. BMO Capital Markets set a $72.00 price objective on Dave & Buster’s Entertainment and gave the stock an “outperform” rating in a research note on Tuesday, August 29th. Finally, 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 research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $74.11.

In related news, CFO Brian Jenkins sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $50.10, for a total transaction of $375,750.00. Following the sale, the chief financial officer now directly owns 1 shares in the company, valued at $50.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total value of $664,600.00. Following the sale, the chief operating officer now owns 15,447 shares in the company, valued at $1,026,607.62. The disclosure for this sale can be found here. Insiders have sold 68,000 shares of company stock worth $3,565,675 over the last quarter. 3.84% of the stock is currently owned by corporate insiders.

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.

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

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