Dave & Buster’s Entertainment, Inc. $PLAY Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 519.0% during the 1st quarter, HoldingsChannel reports. The firm owned 69,992 shares of the restaurant operator’s stock after buying an additional 58,685 shares during the quarter. Quantinno Capital Management LP’s holdings in Dave & Buster’s Entertainment were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Dave & Buster’s Entertainment by 616.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 1,671 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter valued at approximately $42,000. Quadrant Capital Group LLC acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter worth approximately $104,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Dave & Buster’s Entertainment by 292.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after buying an additional 3,772 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Down 2.2%

PLAY opened at $9.93 on Wednesday. Dave & Buster’s Entertainment, Inc. has a one year low of $9.40 and a one year high of $26.31. The company has a debt-to-equity ratio of 15.01, a quick ratio of 0.20 and a current ratio of 0.29. The stock’s fifty day moving average is $10.83 and its 200-day moving average is $12.47. The company has a market capitalization of $345.46 million, a PE ratio of -5.25 and a beta of 1.86.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). The firm had revenue of $559.20 million for the quarter, compared to the consensus estimate of $580.60 million. Dave & Buster’s Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. On average, equities analysts predict that Dave & Buster’s Entertainment, Inc. will post -1.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group decreased their price objective on Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Friday, July 17th. Citizens Jmp began coverage on Dave & Buster’s Entertainment in a research report on Monday, June 29th. They set a “market perform” rating for the company. Citigroup started coverage on Dave & Buster’s Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Finally, BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, June 16th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average target price of $19.33.

Dave & Buster’s Entertainment 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.