Maryland State Retirement & Pension System Has $448,000 Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Maryland State Retirement & Pension System reduced its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 11,243 shares of the restaurant operator’s stock after selling 342 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dave & Buster’s Entertainment were worth $448,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC raised its position in Dave & Buster’s Entertainment by 1,931.4% during the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after purchasing an additional 36,793 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth approximately $2,477,000. Quadrature Capital Ltd boosted its holdings in Dave & Buster’s Entertainment by 150.1% in the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock valued at $2,647,000 after acquiring an additional 25,376 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Dave & Buster’s Entertainment during the 1st quarter valued at approximately $1,417,000. Finally, Keeley Teton Advisors LLC bought a new position in Dave & Buster’s Entertainment during the 1st quarter worth approximately $1,803,000. Institutional investors own 91.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. UBS Group dropped their price objective on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. BMO Capital Markets decreased their target price on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 13th. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Loop Capital reduced their price objective on shares of Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.57.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $30.45 on Wednesday. The business’s fifty day moving average is $35.24 and its 200 day moving average is $48.39. Dave & Buster’s Entertainment Inc has a 12-month low of $30.20 and a 12-month high of $69.82. The company has a quick ratio of 0.24, a current ratio of 0.32 and a debt-to-equity ratio of 4.41. The stock has a market cap of $1.20 billion, a P/E ratio of 12.96 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. The business had revenue of $588.10 million during the quarter, compared to the consensus estimate of $615.88 million. During the same period last year, the business posted $1.45 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Darin Harper acquired 13,438 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, July 3rd. The stock was acquired at an average cost of $38.78 per share, with a total value of $521,125.64. Following the transaction, the chief financial officer now owns 35,598 shares of the company’s stock, valued at approximately $1,380,490.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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