LS Investment Advisors LLC Lowers Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

LS Investment Advisors LLC trimmed its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 62.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 945 shares of the restaurant operator’s stock after selling 1,594 shares during the quarter. LS Investment Advisors LLC’s holdings in Dave & Buster’s Entertainment were worth $38,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Groesbeck Investment Management Corp NJ increased its position in shares of Dave & Buster’s Entertainment by 1.3% in the third quarter. Groesbeck Investment Management Corp NJ now owns 30,340 shares of the restaurant operator’s stock worth $1,182,000 after purchasing an additional 380 shares during the last quarter. Whittier Trust Co. increased its position in shares of Dave & Buster’s Entertainment by 1.1% in the third quarter. Whittier Trust Co. now owns 49,241 shares of the restaurant operator’s stock worth $1,918,000 after purchasing an additional 530 shares during the last quarter. Evoke Wealth LLC bought a new position in shares of Dave & Buster’s Entertainment in the third quarter worth approximately $25,000. Janney Montgomery Scott LLC increased its position in shares of Dave & Buster’s Entertainment by 7.1% in the third quarter. Janney Montgomery Scott LLC now owns 10,018 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 660 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Dave & Buster’s Entertainment by 1.2% in the third quarter. California State Teachers Retirement System now owns 56,781 shares of the restaurant operator’s stock worth $2,212,000 after purchasing an additional 678 shares during the last quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ PLAY opened at $46.48 on Friday. Dave & Buster’s Entertainment Inc has a one year low of $37.20 and a one year high of $59.60. The company has a debt-to-equity ratio of 12.25, a current ratio of 0.25 and a quick ratio of 0.14. The firm’s 50 day simple moving average is $43.65 and its two-hundred day simple moving average is $41.09. The stock has a market capitalization of $1.42 billion, a P/E ratio of 16.60, a PEG ratio of 1.13 and a beta of 0.84.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, December 10th. The restaurant operator reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.25). Dave & Buster’s Entertainment had a net margin of 7.82% and a return on equity of 37.48%. The business had revenue of $299.40 million for the quarter, compared to the consensus estimate of $296.39 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts expect that Dave & Buster’s Entertainment Inc will post 2.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, January 10th were given a dividend of $0.16 per share. This is a boost from Dave & Buster’s Entertainment’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 9th. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is presently 21.84%.

In other Dave & Buster’s Entertainment news, CMO John P. Gleason sold 11,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $40.42, for a total transaction of $444,620.00. Following the transaction, the chief marketing officer now directly owns 32,325 shares in the company, valued at $1,306,576.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Margo Lynn Manning sold 8,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $47.00, for a total transaction of $376,000.00. Following the transaction, the chief operating officer now owns 21,960 shares in the company, valued at $1,032,120. The disclosure for this sale can be found here. Insiders have sold 26,700 shares of company stock worth $1,120,152 over the last quarter. Company insiders own 3.70% of the company’s stock.

Several research analysts recently weighed in on the stock. SunTrust Banks upped their price objective on shares of Dave & Buster’s Entertainment from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Maxim Group restated a “buy” rating and issued a $55.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Tuesday, November 26th. BidaskClub upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. BMO Capital Markets upped their price objective on shares of Dave & Buster’s Entertainment from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Co decreased their price objective on shares of Dave & Buster’s Entertainment from $44.00 to $42.00 and set a “market perform” rating on the stock in a research report on Wednesday, December 4th. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $46.98.

About Dave & Buster’s Entertainment

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.

Further Reading: What is the outlook for the FAANG stocks?

Want to see what other hedge funds are holding PLAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dave & Buster’s Entertainment Inc (NASDAQ:PLAY).

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

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.