Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 4.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,506 shares of the restaurant operator’s stock after selling 439 shares during the quarter. Amalgamated Bank’s holdings in Dave & Buster’s Entertainment were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Eminence Capital LP raised its holdings in shares of Dave & Buster’s Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after acquiring an additional 1,542,154 shares during the period. American Century Companies Inc. grew its position in Dave & Buster’s Entertainment by 8.2% during the 2nd quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator’s stock worth $50,411,000 after purchasing an additional 95,499 shares in the last quarter. Rubric Capital Management LP raised its stake in Dave & Buster’s Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock valued at $48,767,000 after purchasing an additional 626,497 shares during the period. Dimensional Fund Advisors LP raised its stake in Dave & Buster’s Entertainment by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock valued at $45,553,000 after purchasing an additional 25,138 shares during the period. Finally, Coronation Fund Managers Ltd. lifted its holdings in shares of Dave & Buster’s Entertainment by 2.9% in the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock valued at $41,208,000 after purchasing an additional 29,627 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PLAY shares. Loop Capital dropped their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Finally, Truist Financial cut their target price on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.57.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris purchased 14,912 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were bought at an average price of $33.67 per share, with a total value of $502,087.04. Following the completion of the transaction, the chief executive officer now directly owns 83,847 shares in the company, valued at $2,823,128.49. This trade represents a 21.63 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $38.01 on Monday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The firm has a market cap of $1.49 billion, a PE ratio of 13.87 and a beta of 2.13. The firm’s 50 day moving average price is $35.25 and its 200 day moving average price is $38.99. Dave & Buster’s Entertainment Inc has a twelve month low of $29.31 and a twelve month high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. As a group, research analysts expect that Dave & Buster’s Entertainment Inc will post 2.62 EPS for the current fiscal year.

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 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.