Schwarz Dygos Wheeler Investment Advisors LLC Increases Stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)

Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 21.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,940 shares of the restaurant operator’s stock after acquiring an additional 2,300 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Dave & Buster’s Entertainment were worth $227,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 1,427.5% during the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 3,997 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 3,974.8% during the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 4,253 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $175,000. Aristides Capital LLC purchased a new position in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $207,000. Finally, Parallax Volatility Advisers L.P. raised its holdings in Dave & Buster’s Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock valued at $217,000 after buying an additional 632 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, SVP John Mulleady sold 5,931 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $32.79, for a total transaction of $194,477.49. Following the completion of the sale, the senior vice president owned 42,550 shares of the company’s stock, valued at approximately $1,395,214.50. This trade represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.02% of the company’s stock.

Dave & Buster’s Entertainment Stock Down 0.7%

Shares of NASDAQ:PLAY opened at $32.06 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. Dave & Buster’s Entertainment, Inc. has a 52-week low of $15.08 and a 52-week high of $43.73. The company has a 50 day moving average of $26.72 and a two-hundred day moving average of $23.90. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 31.74 and a beta of 2.08.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). Dave & Buster’s Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The firm had revenue of $567.70 million during the quarter, compared to analyst estimates of $572.12 million. During the same period last year, the business earned $0.99 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. As a group, analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on PLAY shares. UBS Group raised their price target on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, June 11th. BMO Capital Markets raised their price target on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, June 11th. Piper Sandler raised their price target on shares of Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, June 11th. Truist Financial raised their price target on shares of Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, June 11th. Finally, Loop Capital raised their price target on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $33.83.

Dave & Buster’s Entertainment Company 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.