Paloma Partners Management Co Buys New Stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Paloma Partners Management Co bought a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 1st quarter, Holdings Channel reports. The institutional investor bought 7,026 shares of the restaurant operator’s stock, valued at approximately $440,000.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Dave & Buster’s Entertainment by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock worth $1,425,000 after purchasing an additional 546 shares during the last quarter. Hood River Capital Management LLC purchased a new position in shares of Dave & Buster’s Entertainment during the first quarter worth about $30,229,000. Lazard Asset Management LLC grew its holdings in shares of Dave & Buster’s Entertainment by 258.7% during the first quarter. Lazard Asset Management LLC now owns 156,570 shares of the restaurant operator’s stock worth $9,800,000 after purchasing an additional 112,917 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of Dave & Buster’s Entertainment by 150.1% during the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock worth $2,647,000 after buying an additional 25,376 shares during the last quarter. Finally, Keeley Teton Advisors LLC purchased a new position in shares of Dave & Buster’s Entertainment during the first quarter worth about $1,803,000. 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 purchased 13,438 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were acquired 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 directly 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 link. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Loop Capital lowered their price target on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Piper Sandler reissued a “neutral” rating and set a $71.00 price target (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. StockNews.com raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, June 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.71.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY traded up $0.54 during trading on Monday, hitting $36.60. 823,114 shares of the stock were exchanged, compared to its average volume of 1,236,431. The company has a current ratio of 0.32, a quick ratio of 0.24 and a debt-to-equity ratio of 4.41. The company has a market cap of $1.45 billion, a PE ratio of 15.57 and a beta of 2.14. Dave & Buster’s Entertainment Inc has a 12-month low of $33.07 and a 12-month high of $69.82. The company has a fifty day moving average price of $42.83 and a two-hundred day moving average price of $52.28.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). The business had revenue of $588.10 million during the quarter, compared to analyst estimates of $615.88 million. Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. Dave & Buster’s Entertainment’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. On average, analysts forecast that Dave & Buster’s Entertainment Inc will post 3.03 EPS for the current 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.