Y Intercept Hong Kong Ltd Takes Position in Dave & Buster’s Entertainment, Inc. $PLAY

Y Intercept Hong Kong Ltd bought a new position in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 67,908 shares of the restaurant operator’s stock, valued at approximately $735,000.

A number of other hedge funds also recently modified their holdings of the stock. Ruffer LLP bought a new position in Dave & Buster’s Entertainment in the 4th quarter valued at about $2,111,000. ING Groep NV bought a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth approximately $7,311,000. SG Americas Securities LLC grew its position in shares of Dave & Buster’s Entertainment by 232.3% in the fourth quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after purchasing an additional 443,308 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $7,359,000. Finally, Clearline Capital LP increased its stake in shares of Dave & Buster’s Entertainment by 20.4% during the third quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock worth $29,419,000 after purchasing an additional 274,541 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd. Citizens Jmp assumed coverage on Dave & Buster’s Entertainment in a report on Monday, June 29th. They issued a “market perform” rating on the stock. Citigroup initiated coverage on Dave & Buster’s Entertainment in a research report on Monday, June 29th. They set a “market perform” rating on the stock. BMO Capital Markets dropped their target price on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, June 16th. Finally, Piper Sandler reduced their target price on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.33.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP Steve Klohn sold 6,989 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $14.69, for a total transaction of $102,668.41. Following the transaction, the senior vice president owned 38,547 shares in the company, valued at $566,255.43. This trade represents a 15.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ:PLAY opened at $10.45 on Monday. The company’s 50 day moving average price is $11.37 and its two-hundred day moving average price is $13.92. Dave & Buster’s Entertainment, Inc. has a 12-month low of $9.61 and a 12-month high of $35.38. The firm has a market cap of $363.56 million, a PE ratio of -5.53 and a beta of 1.84. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 15.01.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Dave & Buster’s Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%. The business had revenue of $559.20 million during the quarter, compared to analyst estimates of $580.60 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that Dave & Buster’s Entertainment, Inc. will post -1.1 earnings per share for the current 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.