Legal & General Group Plc Grows Holdings in Dave & Buster’s Entertainment Inc (PLAY)

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Legal & General Group Plc boosted its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,776 shares of the restaurant operator’s stock after buying an additional 6,013 shares during the quarter. Legal & General Group Plc owned 0.24% of Dave & Buster’s Entertainment worth $6,129,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PLAY. Wells Fargo & Company MN increased its holdings in Dave & Buster’s Entertainment by 15.2% during the second quarter. Wells Fargo & Company MN now owns 158,367 shares of the restaurant operator’s stock valued at $7,539,000 after buying an additional 20,923 shares during the period. Russell Investments Group Ltd. increased its holdings in Dave & Buster’s Entertainment by 2.7% during the second quarter. Russell Investments Group Ltd. now owns 88,526 shares of the restaurant operator’s stock valued at $4,215,000 after buying an additional 2,340 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Dave & Buster’s Entertainment by 4.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 312,568 shares of the restaurant operator’s stock valued at $14,879,000 after buying an additional 13,130 shares during the period. GSA Capital Partners LLP purchased a new position in Dave & Buster’s Entertainment during the second quarter valued at approximately $228,000. Finally, Dimensional Fund Advisors LP increased its holdings in Dave & Buster’s Entertainment by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,133,536 shares of the restaurant operator’s stock valued at $53,959,000 after buying an additional 16,818 shares during the period.

PLAY has been the topic of several research reports. Jefferies Financial Group cut their price objective on shares of Dave & Buster’s Entertainment to $58.00 and set a “buy” rating on the stock in a report on Wednesday, December 12th. Zacks Investment Research raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Friday, October 5th. Maxim Group reissued an “in-line” rating and set a $64.00 price objective on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 12th. Loop Capital initiated coverage on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 24th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Wells Fargo & Co lifted their price objective on shares of Dave & Buster’s Entertainment from $64.00 to $69.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Dave & Buster’s Entertainment has an average rating of “Buy” and an average target price of $65.00.

Shares of PLAY opened at $51.50 on Friday. Dave & Buster’s Entertainment Inc has a twelve month low of $37.85 and a twelve month high of $67.05. The firm has a market capitalization of $1.93 billion, a PE ratio of 19.81, a PEG ratio of 1.21 and a beta of 0.95. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 0.87.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, December 11th. The restaurant operator reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. The firm had revenue of $282.14 million for the quarter, compared to the consensus estimate of $277.28 million. Dave & Buster’s Entertainment had a net margin of 9.97% and a return on equity of 26.28%. The company’s revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. Equities analysts expect that Dave & Buster’s Entertainment Inc will post 2.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Wednesday, December 26th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Monday, December 24th. Dave & Buster’s Entertainment’s payout ratio is currently 23.08%.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $47.06, for a total transaction of $235,300.00. Following the completion of the sale, the chief operating officer now directly owns 13,563 shares in the company, valued at $638,274.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $45.11, for a total transaction of $338,325.00. Following the sale, the senior vice president now owns 17,004 shares of the company’s stock, valued at $767,050.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,500 shares of company stock valued at $740,205. 3.40% of the stock is currently owned by company insiders.

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Dave & Buster’s Entertainment Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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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