Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Purchased by Sea Cliff Partners Management LP

Sea Cliff Partners Management LP increased its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 90.8% in the second quarter, HoldingsChannel.com reports. The fund owned 515,043 shares of the restaurant operator’s stock after buying an additional 245,043 shares during the period. Dave & Buster’s Entertainment comprises approximately 7.0% of Sea Cliff Partners Management LP’s investment portfolio, making the stock its 8th biggest holding. Sea Cliff Partners Management LP’s holdings in Dave & Buster’s Entertainment were worth $20,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC raised its stake in 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 worth $77,000 after acquiring an additional 233 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in 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 acquiring an additional 4,021 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth $207,000. O Shaughnessy Asset Management LLC purchased a new position in Dave & Buster’s Entertainment in the 1st quarter worth $249,000. Finally, Lombard Odier Asset Management USA Corp raised its stake 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 worth $275,000 after acquiring an additional 1,217 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Insider Activity

In other Dave & Buster’s Entertainment news, CFO Darin Harper bought 13,438 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Wednesday, July 3rd. The shares were acquired at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the acquisition, the chief financial officer now owns 35,598 shares of the company’s stock, valued at approximately $1,380,490.44. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 3.3 %

Shares of PLAY opened at $33.06 on Friday. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. The firm has a 50 day simple moving average of $32.84 and a 200-day simple moving average of $44.97. Dave & Buster’s Entertainment Inc has a 1-year low of $29.31 and a 1-year high of $69.82. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 14.07 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. The firm had revenue of $557.10 million during 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%. Dave & Buster’s Entertainment’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. Equities 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 equities analysts recently issued reports on the company. UBS Group reduced 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 note on Wednesday, June 12th. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. BMO Capital Markets lowered their target price on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Finally, Loop Capital reduced their price target on shares of 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.