Wells Fargo & Company MN lifted its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 15.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 158,367 shares of the restaurant operator’s stock after acquiring an additional 20,923 shares during the quarter. Wells Fargo & Company MN’s holdings in Dave & Buster’s Entertainment were worth $7,539,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Dave & Buster’s Entertainment by 9.7% in the second quarter. Bank of Montreal Can now owns 14,493 shares of the restaurant operator’s stock worth $690,000 after buying an additional 1,283 shares during the period. Aurora Investment Counsel boosted its position in shares of Dave & Buster’s Entertainment by 4.1% in the second quarter. Aurora Investment Counsel now owns 33,159 shares of the restaurant operator’s stock worth $1,578,000 after buying an additional 1,291 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Dave & Buster’s Entertainment by 9.1% in the first quarter. OppenheimerFunds Inc. now owns 15,449 shares of the restaurant operator’s stock worth $645,000 after buying an additional 1,292 shares during the period. Alps Advisors Inc. boosted its position in shares of Dave & Buster’s Entertainment by 15.4% in the first quarter. Alps Advisors Inc. now owns 10,645 shares of the restaurant operator’s stock worth $444,000 after buying an additional 1,424 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Dave & Buster’s Entertainment by 11.4% in the second quarter. Janney Montgomery Scott LLC now owns 15,567 shares of the restaurant operator’s stock worth $741,000 after buying an additional 1,593 shares during the period.

Shares of PLAY opened at $57.52 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 1.40 and a beta of 0.50. Dave & Buster’s Entertainment Inc has a one year low of $37.85 and a one year high of $58.86. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 0.77.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Monday, June 11th. The restaurant operator reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The firm had revenue of $332.20 million during the quarter, compared to the consensus estimate of $321.57 million. Dave & Buster’s Entertainment had a return on equity of 25.83% and a net margin of 10.30%. Dave & Buster’s Entertainment’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.74 EPS for the current year.

In related news, CEO Stephen M. King sold 60,000 shares of the stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $54.98, for a total value of $3,298,800.00. Following the completion of the transaction, the chief executive officer now owns 62,028 shares of the company’s stock, valued at $3,410,299.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Jenkins sold 10,000 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $57.35, for a total value of $573,500.00. The disclosure for this sale can be found here. Insiders sold 82,000 shares of company stock valued at $4,461,882 in the last three months. 3.40% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on PLAY shares. Raymond James upped their target price on Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. BidaskClub downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Zacks Investment Research downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine raised Dave & Buster’s Entertainment from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, William Blair reissued a “buy” rating on shares of Dave & Buster’s Entertainment in a report on Friday, August 17th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Dave & Buster’s Entertainment has a consensus rating of “Buy” and a consensus target price of $64.10.

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 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.

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

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