Intech Investment Management LLC Buys 13,550 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Intech Investment Management LLC boosted its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 171.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,456 shares of the restaurant operator’s stock after buying an additional 13,550 shares during the period. Intech Investment Management LLC’s holdings in Dave & Buster’s Entertainment were worth $731,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PLAY. Kimelman & Baird LLC acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 4,021 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at $207,000. Lombard Odier Asset Management USA Corp grew its position in Dave & Buster’s Entertainment by 21.4% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after purchasing an additional 1,217 shares during the period. Finally, First Hawaiian Bank bought a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at $315,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $39.32 on Friday. The stock has a 50 day moving average of $36.14 and a 200 day moving average of $37.99. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.35 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 12 month low of $29.31 and a 12 month high of $69.82. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The firm had revenue of $557.10 million during the quarter, compared to analyst estimates of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.94 EPS. As a group, sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLAY. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating for the company in a report on Tuesday. Truist Financial cut their price target on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday. Benchmark began coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating for the company. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Loop Capital lowered their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average price target of $61.57.

Insider Buying and Selling

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was acquired at an average cost 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 of the company’s stock, valued at $2,823,128.49. This represents a 21.63 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

About Dave & Buster’s Entertainment

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.