Dave & Buster’s Entertainment, Inc. $PLAY Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 73.0% during the 4th quarter, Holdings Channel reports. The fund owned 44,658 shares of the restaurant operator’s stock after selling 120,735 shares during the quarter. Intech Investment Management LLC’s holdings in Dave & Buster’s Entertainment were worth $724,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in Dave & Buster’s Entertainment in the third quarter valued at approximately $27,000. Leonteq Securities AG acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $42,000. Tower Research Capital LLC TRC raised its holdings in Dave & Buster’s Entertainment by 292.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after acquiring an additional 3,772 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in Dave & Buster’s Entertainment in the third quarter valued at approximately $104,000. Finally, Marshall Wace LLP acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at approximately $243,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analysts Set New Price Targets

PLAY has been the topic of several analyst reports. Piper Sandler reduced their target price on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Wall Street Zen cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Zacks Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus price target of $21.83.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP Steve Klohn sold 6,989 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $14.69, for a total transaction of $102,668.41. Following the sale, the senior vice president directly owned 38,547 shares in the company, valued at approximately $566,255.43. The trade was a 15.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.73% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $11.04 on Tuesday. The firm has a market capitalization of $383.53 million, a P/E ratio of -7.72 and a beta of 1.81. Dave & Buster’s Entertainment, Inc. has a one year low of $9.61 and a one year high of $35.53. The company’s fifty day moving average is $11.87 and its two-hundred day moving average is $14.91. The company has a debt-to-equity ratio of 16.61, a quick ratio of 0.19 and a current ratio of 0.29.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.74). The company had revenue of $529.60 million for the quarter, compared to analysts’ expectations of $556.56 million. Dave & Buster’s Entertainment had a negative return on equity of 7.93% and a negative net margin of 2.32%.Dave & Buster’s Entertainment’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Analysts forecast that Dave & Buster’s Entertainment, Inc. will post -0.77 EPS for the current fiscal year.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.