Marshall Wace LLP Buys 170,286 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Marshall Wace LLP boosted its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 36.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 640,096 shares of the restaurant operator’s stock after purchasing an additional 170,286 shares during the quarter. Marshall Wace LLP’s holdings in Dave & Buster’s Entertainment were worth $25,482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Headlands Technologies LLC grew its stake in shares of Dave & Buster’s Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after buying an additional 233 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after acquiring an additional 4,021 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment in the first quarter valued at approximately $249,000. Lombard Odier Asset Management USA Corp grew its stake in Dave & Buster’s Entertainment by 21.4% in the second quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 1,217 shares during the period. Finally, First Hawaiian Bank bought a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at approximately $315,000. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $33.06 on Friday. The company has a market capitalization of $1.31 billion, a PE ratio of 14.07 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. The stock’s 50 day moving average price is $32.97 and its 200-day moving average price is $45.05. 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 posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.77 EPS for the current year.

Insider Buying and Selling

In related news, CFO Darin Harper acquired 13,438 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was acquired at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the acquisition, 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 can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLAY. UBS Group cut their target price on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Loop Capital reduced their price objective on shares of 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. Truist Financial lowered their target price on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. Finally, StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment currently 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.