Hexavest Inc. Invests $33.40 Million in Dave & Buster's Entertainment, Inc. (PLAY) Stock

Hexavest Inc. bought a new stake in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) during the fourth quarter, Holdings Channel reports. The fund bought 605,329 shares of the restaurant operator’s stock, valued at approximately $33,396,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLAY. Schwab Charles Investment Management Inc. increased its stake in Dave & Buster's Entertainment by 9.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 180,879 shares of the restaurant operator’s stock valued at $12,031,000 after acquiring an additional 15,795 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Dave & Buster's Entertainment by 54.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,511 shares of the restaurant operator’s stock valued at $1,231,000 after buying an additional 6,528 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Dave & Buster's Entertainment by 147.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 1,286 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Dave & Buster's Entertainment by 9.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,613 shares of the restaurant operator’s stock valued at $240,000 after buying an additional 319 shares in the last quarter. Finally, Swiss National Bank boosted its position in Dave & Buster's Entertainment by 34.1% in the second quarter. Swiss National Bank now owns 69,973 shares of the restaurant operator’s stock valued at $4,654,000 after buying an additional 17,800 shares in the last quarter.

In other news, SVP Jay L. Tobin sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $55.00, for a total transaction of $220,000.00. Following the transaction, the senior vice president now directly owns 52,071 shares in the company, valued at $2,863,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin M. Sheehan bought 10,000 shares of Dave & Buster's Entertainment stock in a transaction dated Monday, January 8th. The shares were bought at an average price of $45.58 per share, for a total transaction of $455,800.00. Following the completion of the transaction, the director now directly owns 60,138 shares of the company’s stock, valued at approximately $2,741,090.04. The disclosure for this purchase can be found here. Insiders have sold 26,600 shares of company stock worth $1,478,448 over the last quarter. 3.84% of the stock is owned by company insiders.

PLAY has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Dave & Buster's Entertainment from a “c” rating to a “b-” rating in a research report on Thursday, November 9th. Maxim Group boosted their price target on shares of Dave & Buster's Entertainment from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded shares of Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Monday, October 30th. Canaccord Genuity restated a “buy” rating and issued a $72.00 price target on shares of Dave & Buster's Entertainment in a research report on Sunday, October 22nd. Finally, Longbow Research initiated coverage on shares of Dave & Buster's Entertainment in a research report on Friday, October 13th. They issued a “buy” rating and a $77.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $69.00.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) opened at $47.92 on Friday. Dave & Buster's Entertainment, Inc. has a 12-month low of $43.77 and a 12-month high of $73.48. The stock has a market cap of $1,880.08, a P/E ratio of 18.36, a PEG ratio of 1.20 and a beta of 0.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.26 and a current ratio of 0.38.

Dave & Buster's Entertainment (NASDAQ:PLAY) last announced its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The company had revenue of $250.00 million for the quarter, compared to analyst estimates of $255.70 million. During the same period in the prior year, the business earned $0.25 earnings per share. Dave & Buster's Entertainment’s quarterly revenue was up 9.3% on a year-over-year basis. research analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.61 EPS for the current fiscal year.

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Dave & Buster's Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ entrées 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.

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Institutional Ownership by Quarter for Dave & Buster's Entertainment (NASDAQ:PLAY)

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