Fiera Capital Corp Has $37.93 Million Holdings in Dave & Buster’s Entertainment, Inc. (PLAY)

Fiera Capital Corp cut its stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 26.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 570,303 shares of the restaurant operator’s stock after selling 209,635 shares during the period. Fiera Capital Corp owned 1.37% of Dave & Buster’s Entertainment worth $37,931,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Alps Advisors Inc. increased its position in Dave & Buster’s Entertainment by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,142 shares of the restaurant operator’s stock worth $542,000 after buying an additional 21 shares during the period. Renaissance Group LLC increased its position in Dave & Buster’s Entertainment by 0.9% in the second quarter. Renaissance Group LLC now owns 5,811 shares of the restaurant operator’s stock worth $386,000 after buying an additional 54 shares during the period. First National Bank of Omaha increased its position in Dave & Buster’s Entertainment by 0.3% in the second quarter. First National Bank of Omaha now owns 22,735 shares of the restaurant operator’s stock worth $1,512,000 after buying an additional 60 shares during the period. JPMorgan Chase & Co. increased its position in Dave & Buster’s Entertainment by 0.6% in the second quarter. JPMorgan Chase & Co. now owns 13,637 shares of the restaurant operator’s stock worth $907,000 after buying an additional 79 shares during the period. Finally, Pacad Investment Ltd. increased its position in Dave & Buster’s Entertainment by 1.0% in the second quarter. Pacad Investment Ltd. now owns 8,800 shares of the restaurant operator’s stock worth $585,000 after buying an additional 89 shares during the period.

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) traded up 2.96% during trading on Wednesday, hitting $52.54. The company had a trading volume of 201,616 shares. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 20.45 and a beta of 0.65. The firm has a 50-day moving average of $59.67 and a 200 day moving average of $62.82. Dave & Buster’s Entertainment, Inc. has a 12-month low of $37.60 and a 12-month high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $280.80 million during the quarter, compared to the consensus estimate of $281.69 million. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. On average, equities research analysts forecast that Dave & Buster’s Entertainment, Inc. will post $2.69 earnings per share for the current year.

Dave & Buster’s Entertainment announced that its board has approved a share repurchase plan on Tuesday, June 6th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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In related news, CMO John P. Gleason sold 15,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $66.96, for a total value of $1,004,400.00. Following the completion of the sale, the chief marketing officer now owns 25,505 shares in the company, valued at $1,707,814.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen M. King sold 45,000 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $49.80, for a total value of $2,241,000.00. Following the completion of the sale, the chief executive officer now owns 22,501 shares of the company’s stock, valued at approximately $1,120,549.80. The disclosure for this sale can be found here. Insiders sold 103,000 shares of company stock valued at $5,975,675 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on PLAY. BMO Capital Markets reaffirmed an “outperform” rating and issued a $70.00 target price (down from $72.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, September 6th. Maxim Group reissued a “buy” rating and set a $78.00 price target on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 6th. Wells Fargo & Company reissued an “outperform” rating and set a $71.00 price target (down from $78.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 6th. Canaccord Genuity reissued a “buy” rating and set a $72.00 price target (down from $75.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 6th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $69.00 price target (down from $74.00) on shares of Dave & Buster’s Entertainment in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company. Dave & Buster’s Entertainment has an average rating of “Buy” and an average price target of $74.11.

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.

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

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