Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 20.4% in the first quarter, HoldingsChannel.com reports. The firm owned 2,155 shares of the restaurant operator’s stock after selling 551 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dave & Buster’s Entertainment were worth $107,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth $55,000. Quantamental Technologies LLC bought a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $84,000. Meeder Asset Management Inc. bought a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $127,000. Brown Advisory Inc. lifted its holdings in Dave & Buster’s Entertainment by 17.1% during the fourth quarter. Brown Advisory Inc. now owns 5,477 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 801 shares in the last quarter. Finally, Amalgamated Bank bought a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $279,000.

Several research analysts have weighed in on the company. BidaskClub upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Wells Fargo & Co lifted their target price on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Monday, February 4th. BMO Capital Markets reiterated an “outperform” rating and set a $66.00 target price (up from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Finally, Maxim Group lifted their target price on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $65.00.

In other news, SVP J Michael Plunkett sold 4,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $50.36, for a total value of $201,440.00. Following the sale, the senior vice president now directly owns 4,001 shares in the company, valued at $201,490.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total value of $573,000.00. Following the completion of the sale, the chief operating officer now owns 23,960 shares in the company, valued at $1,372,908. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,635 shares of company stock worth $2,185,020. Corporate insiders own 3.70% of the company’s stock.

Shares of Dave & Buster’s Entertainment stock traded down $0.03 during trading on Friday, reaching $53.78. The stock had a trading volume of 421,261 shares, compared to its average volume of 866,714. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.20 and a beta of 1.04. Dave & Buster’s Entertainment Inc has a 52 week low of $40.03 and a 52 week high of $67.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.12. The company had revenue of $331.80 million for the quarter, compared to analyst estimates of $324.90 million. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. On average, equities analysts expect that Dave & Buster’s Entertainment Inc will post 3.06 EPS for the current year.

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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 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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