Vanguard Group Inc. Has $253.28 Million Stake in Dave & Buster’s Entertainment, Inc. (PLAY)

Vanguard Group Inc. decreased its position in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,808,200 shares of the restaurant operator’s stock after selling 104,433 shares during the quarter. Vanguard Group Inc. owned 9.18% of Dave & Buster’s Entertainment worth $253,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock worth $304,033,000 after purchasing an additional 141,356 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Dave & Buster’s Entertainment by 13.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,011,089 shares of the restaurant operator’s stock worth $61,768,000 after purchasing an additional 123,291 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,005,120 shares of the restaurant operator’s stock worth $66,851,000 after purchasing an additional 95,338 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Dave & Buster’s Entertainment by 6.5% in the 2nd quarter. Wells Fargo & Company MN now owns 1,001,832 shares of the restaurant operator’s stock worth $66,632,000 after purchasing an additional 61,034 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Dave & Buster’s Entertainment by 7.8% in the 1st quarter. Point72 Asset Management L.P. now owns 991,900 shares of the restaurant operator’s stock worth $60,595,000 after purchasing an additional 71,500 shares during the last quarter.

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In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total value of $664,600.00. Following the transaction, the chief operating officer now owns 15,447 shares in the company, valued at $1,026,607.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP J Michael Plunkett sold 3,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total value of $153,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 68,000 shares of company stock worth $3,565,675. Company insiders own 3.84% of the company’s stock.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm had revenue of $280.80 million for the quarter, compared to analysts’ expectations of $281.69 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis.

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

Several research firms have recently weighed in on PLAY. Longbow Research began coverage on shares of Dave & Buster’s Entertainment in a report on Friday. They issued a “buy” rating on the stock. Raymond James Financial, Inc. set a $63.00 target price on shares of Dave & Buster’s Entertainment and gave the stock a “buy” rating in a report on Thursday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $69.00 target price on shares of Dave & Buster’s Entertainment in a report on Thursday, October 5th. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, TheStreet downgraded shares of Dave & Buster’s Entertainment from a “b” rating to a “c” rating in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.44.

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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