Seven Eight Capital LP lowered its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 29.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,620 shares of the restaurant operator’s stock after selling 28,200 shares during the quarter. Seven Eight Capital LP owned 0.17% of Dave & Buster’s Entertainment worth $4,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in PLAY. California Public Employees Retirement System increased its stake in shares of Dave & Buster’s Entertainment by 42.9% in the first quarter. California Public Employees Retirement System now owns 40,421 shares of the restaurant operator’s stock valued at $1,687,000 after buying an additional 12,137 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Dave & Buster’s Entertainment by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,116,718 shares of the restaurant operator’s stock valued at $46,612,000 after acquiring an additional 74,161 shares during the last quarter. Sei Investments Co. boosted its holdings in Dave & Buster’s Entertainment by 9,084.5% in the first quarter. Sei Investments Co. now owns 19,012 shares of the restaurant operator’s stock valued at $793,000 after acquiring an additional 18,805 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Dave & Buster’s Entertainment by 9.1% in the first quarter. OppenheimerFunds Inc. now owns 15,449 shares of the restaurant operator’s stock valued at $645,000 after acquiring an additional 1,292 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in Dave & Buster’s Entertainment by 28.4% in the first quarter. Profund Advisors LLC now owns 8,048 shares of the restaurant operator’s stock valued at $336,000 after acquiring an additional 1,782 shares during the last quarter.

Several analysts recently commented on the company. BidaskClub upgraded Dave & Buster’s Entertainment from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 22nd. Maxim Group reiterated a “buy” rating and issued a $71.00 target price (up from $68.00) on shares of Dave & Buster’s Entertainment in a report on Friday, September 14th. SunTrust Banks upped their target price on Dave & Buster’s Entertainment to $74.00 and gave the company a “positive” rating in a report on Monday, September 17th. Zacks Investment Research upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday, October 5th. Finally, Canaccord Genuity upped their target price on Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Thirteen equities research analysts have rated the stock with a buy rating, Dave & Buster’s Entertainment currently has a consensus rating of “Buy” and a consensus price target of $69.80.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $65.63, for a total transaction of $656,300.00. Following the transaction, the chief operating officer now directly owns 18,563 shares in the company, valued at approximately $1,218,289.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen M. King sold 90,000 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $61.87, for a total value of $5,568,300.00. Following the transaction, the director now owns 80,691 shares in the company, valued at $4,992,352.17. The disclosure for this sale can be found here. Insiders have sold a total of 163,600 shares of company stock worth $10,107,165 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Dave & Buster’s Entertainment stock opened at $57.40 on Friday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 1.47 and a beta of 0.48. Dave & Buster’s Entertainment Inc has a 52-week low of $37.85 and a 52-week high of $67.05. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. The firm had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. As a group, sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.75 EPS for the current year.

The firm also recently declared a special dividend, which was paid on Wednesday, October 10th. Shareholders of record on Tuesday, September 25th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, September 24th. Dave & Buster’s Entertainment’s payout ratio is 23.08%.

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.

Further Reading: Moving Average (MA)

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

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