Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Stock Holdings Trimmed by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 83.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,284 shares of the restaurant operator’s stock after selling 63,476 shares during the quarter. Two Sigma Investments LP’s holdings in Dave & Buster’s Entertainment were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its holdings in Dave & Buster’s Entertainment by 5.6% in the first quarter. State Street Corp now owns 980,290 shares of the restaurant operator’s stock worth $12,822,000 after purchasing an additional 52,292 shares during the period. Empire Life Investments Inc. boosted its holdings in shares of Dave & Buster’s Entertainment by 305.2% in the 1st quarter. Empire Life Investments Inc. now owns 566,462 shares of the restaurant operator’s stock valued at $7,409,000 after buying an additional 426,665 shares during the period. Geode Capital Management LLC grew its position in shares of Dave & Buster’s Entertainment by 4.3% during the 1st quarter. Geode Capital Management LLC now owns 452,603 shares of the restaurant operator’s stock valued at $5,920,000 after buying an additional 18,499 shares during the last quarter. Norges Bank acquired a new stake in Dave & Buster’s Entertainment during the fourth quarter worth about $15,172,000. Finally, WINTON GROUP Ltd lifted its holdings in Dave & Buster’s Entertainment by 22.0% in the first quarter. WINTON GROUP Ltd now owns 316,096 shares of the restaurant operator’s stock worth $4,135,000 after acquiring an additional 57,106 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Brian Jenkins sold 38,808 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $12.90, for a total value of $500,623.20. Following the completion of the transaction, the chief executive officer now directly owns 166,912 shares of the company’s stock, valued at $2,153,164.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen M. King sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $12.90, for a total value of $129,000.00. Following the completion of the sale, the director now directly owns 76,483 shares in the company, valued at $986,630.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,032 shares of company stock valued at $999,462. 4.70% of the stock is owned by corporate insiders.

Several equities research analysts have weighed in on PLAY shares. SunTrust Banks raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.00 to $22.00 in a research report on Friday, June 12th. BMO Capital Markets lifted their price objective on shares of Dave & Buster’s Entertainment from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, June 12th. TheStreet cut shares of Dave & Buster’s Entertainment from a “c-” rating to a “d+” rating in a research report on Thursday, June 11th. BidaskClub lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Longbow Research reduced their price objective on Dave & Buster’s Entertainment from $50.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, April 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $29.79.

Shares of NASDAQ PLAY opened at $13.14 on Wednesday. Dave & Buster’s Entertainment Inc has a 52 week low of $4.61 and a 52 week high of $48.80. The company has a debt-to-equity ratio of 10.36, a quick ratio of 0.62 and a current ratio of 0.73. The stock’s fifty day moving average is $14.15 and its 200 day moving average is $25.90. The stock has a market capitalization of $623.49 million, a P/E ratio of 37.54 and a beta of 1.56.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Thursday, June 11th. The restaurant operator reported ($1.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.85) by ($0.52). The business had revenue of $159.80 million for the quarter, compared to the consensus estimate of $167.83 million. Dave & Buster’s Entertainment had a net margin of 1.24% and a return on equity of 8.89%. The business’s revenue for the quarter was down 56.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 EPS. Equities research analysts forecast that Dave & Buster’s Entertainment Inc will post -3.42 earnings per share 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.

Featured Article: How Investors Can Profit from Options Trading

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.