Public Sector Pension Investment Board Buys 5,093 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Public Sector Pension Investment Board raised its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,996 shares of the restaurant operator’s stock after acquiring an additional 5,093 shares during the quarter. Public Sector Pension Investment Board owned about 0.18% of Dave & Buster’s Entertainment worth $2,826,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC increased its stake in shares of Dave & Buster’s Entertainment by 23.4% during the first quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock worth $77,000 after purchasing an additional 233 shares during the period. Allspring Global Investments Holdings LLC increased its position in Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after buying an additional 4,021 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth $249,000. First Hawaiian Bank acquired a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at about $315,000. Finally, Intech Investment Management LLC bought a new position in Dave & Buster’s Entertainment during the second quarter worth about $315,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Darin Harper bought 13,438 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the transaction, the chief financial officer now owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $33.61 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of 14.30 and a beta of 2.14. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment Inc has a twelve month low of $29.31 and a twelve month high of $69.82. The business has a fifty day simple moving average of $32.74 and a 200 day simple moving average of $44.78.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. The firm had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Loop Capital dropped their price objective on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 12th. UBS Group cut their target price on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. BMO Capital Markets decreased their price target on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Finally, William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $62.57.

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.