Lisanti Capital Growth LLC Purchases New Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Lisanti Capital Growth LLC purchased a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 4th quarter, HoldingsChannel reports. The fund purchased 77,345 shares of the restaurant operator’s stock, valued at approximately $4,165,000.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in Dave & Buster’s Entertainment by 67.3% in the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 292 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at $45,000. GAMMA Investing LLC acquired a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at $53,000. Headlands Technologies LLC acquired a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at $54,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at $101,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on PLAY. Jefferies Financial Group increased their price target on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Truist Financial raised their target price on Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Piper Sandler restated a “neutral” rating and set a $71.00 target price (up from $50.00) on shares of Dave & Buster’s Entertainment in a research note on Thursday, April 4th. UBS Group raised their target price on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets raised their target price on Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $69.21.

Dave & Buster’s Entertainment Stock Up 1.8 %

Shares of PLAY stock traded up $0.93 during trading hours on Monday, hitting $53.75. 1,200,879 shares of the company were exchanged, compared to its average volume of 1,150,216. The company has a debt-to-equity ratio of 5.11, a quick ratio of 0.23 and a current ratio of 0.32. Dave & Buster’s Entertainment Inc has a one year low of $31.65 and a one year high of $69.82. The business’s 50-day simple moving average is $59.55 and its two-hundred day simple moving average is $51.79. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.13 and a beta of 2.08.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). Dave & Buster’s Entertainment had a return on equity of 53.96% and a net margin of 5.76%. The business had revenue of $599.10 million during the quarter, compared to the consensus estimate of $603.41 million. Sell-side analysts predict that Dave & Buster’s Entertainment Inc will post 3.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the transaction, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael J. Griffith sold 5,203 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP John Mulleady sold 42,824 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $66.58, for a total value of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares in the company, valued at approximately $3,803,848.56. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

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.