First Mercantile Trust Co. Sells 4,002 Shares of Dave & Buster's Entertainment, Inc. (PLAY)

First Mercantile Trust Co. trimmed its stake in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) by 58.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,880 shares of the restaurant operator’s stock after selling 4,002 shares during the quarter. First Mercantile Trust Co.’s holdings in Dave & Buster's Entertainment were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fortaleza Asset Management Inc. raised its stake in shares of Dave & Buster's Entertainment by 97.6% during the 4th quarter. Fortaleza Asset Management Inc. now owns 3,645 shares of the restaurant operator’s stock worth $201,000 after buying an additional 1,800 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Dave & Buster's Entertainment by 12.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,695 shares of the restaurant operator’s stock worth $246,000 after buying an additional 421 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Dave & Buster's Entertainment during the 2nd quarter worth approximately $247,000. First Republic Investment Management Inc. purchased a new position in shares of Dave & Buster's Entertainment during the 3rd quarter worth approximately $203,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Dave & Buster's Entertainment during the 2nd quarter worth approximately $273,000.

A number of equities analysts have recently issued reports on PLAY shares. Maxim Group reissued a “buy” rating and set a $97.00 target price on shares of Dave & Buster's Entertainment in a research note on Friday, December 22nd. Wells Fargo & Co cut their target price on Dave & Buster's Entertainment from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Tuesday, January 9th. Piper Jaffray Companies reissued a “buy” rating and set a $56.00 target price on shares of Dave & Buster's Entertainment in a research note on Tuesday, January 9th. TheStreet raised Dave & Buster's Entertainment from a “c” rating to a “b-” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $69.00.

Dave & Buster's Entertainment, Inc. (NASDAQ PLAY) opened at $45.97 on Thursday. Dave & Buster's Entertainment, Inc. has a one year low of $43.62 and a one year high of $73.48. The firm has a market capitalization of $1,820.00, a P/E ratio of 17.55, a P/E/G ratio of 1.09 and a beta of 0.28. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The firm had revenue of $250.00 million during the quarter, compared to the consensus estimate of $255.70 million. During the same period last year, the business posted $0.25 EPS. Dave & Buster's Entertainment’s quarterly revenue was up 9.3% on a year-over-year basis. equities analysts predict that Dave & Buster's Entertainment, Inc. will post 2.58 earnings per share for the current fiscal year.

In other Dave & Buster's Entertainment news, SVP J Michael Plunkett sold 2,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $55.02, for a total transaction of $110,040.00. Following the sale, the senior vice president now owns 2,001 shares in the company, valued at approximately $110,095.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian Jenkins sold 10,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $54.09, for a total value of $540,900.00. Following the sale, the chief financial officer now owns 5,042 shares in the company, valued at approximately $272,721.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,600 shares of company stock worth $1,571,648. 3.84% of the stock is owned by insiders.

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Dave & Buster's Entertainment 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.

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

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