LMR Partners LLP Increases Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

LMR Partners LLP lifted its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 5.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 98,000 shares of the restaurant operator’s stock after buying an additional 5,000 shares during the period. LMR Partners LLP’s holdings in Dave & Buster’s Entertainment were worth $2,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hennessy Advisors Inc. boosted its holdings in Dave & Buster’s Entertainment by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator’s stock valued at $4,580,000 after acquiring an additional 10,000 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 1,100.8% in the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock worth $12,405,000 after buying an additional 389,577 shares during the period. KBC Group NV lifted its holdings in shares of Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after buying an additional 885 shares during the period. Rhumbline Advisers lifted its holdings in shares of Dave & Buster’s Entertainment by 3.9% in the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator’s stock worth $2,880,000 after buying an additional 3,730 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after buying an additional 3,494 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on PLAY shares. Truist Financial lowered their target price on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. Loop Capital lowered their target price on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. BMO Capital Markets lowered their target price on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler lowered their target price on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.00.

Dave & Buster’s Entertainment Trading Down 2.8%

Shares of NASDAQ PLAY opened at $21.49 on Wednesday. The business has a fifty day moving average price of $18.95 and a 200 day moving average price of $26.29. Dave & Buster’s Entertainment Inc has a 1-year low of $15.08 and a 1-year high of $57.10. The stock has a market capitalization of $741.73 million, a P/E ratio of 10.64 and a beta of 1.94. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same period in the prior year, the company posted $0.88 EPS. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. Equities research analysts expect that Dave & Buster’s Entertainment Inc will post 2.52 EPS for the current fiscal 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.