Y Intercept Hong Kong Ltd Invests $735,000 in Dave & Buster’s Entertainment, Inc. $PLAY

Y Intercept Hong Kong Ltd acquired a new stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 67,908 shares of the restaurant operator’s stock, valued at approximately $735,000. Y Intercept Hong Kong Ltd owned about 0.20% of Dave & Buster’s Entertainment as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLAY. Advisory Services Network LLC bought a new position in Dave & Buster’s Entertainment in the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its stake in Dave & Buster’s Entertainment by 616.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 1,671 shares during the last quarter. Leonteq Securities AG bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth about $42,000. Quadrant Capital Group LLC bought a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth about $104,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after buying an additional 3,772 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, SVP Steve Klohn sold 6,989 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $14.69, for a total value of $102,668.41. Following the sale, the senior vice president owned 38,547 shares in the company, valued at $566,255.43. This represents a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is currently owned by company insiders.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $10.45 on Monday. The stock has a market cap of $363.56 million, a P/E ratio of -5.53 and a beta of 1.84. The company has a debt-to-equity ratio of 15.01, a current ratio of 0.29 and a quick ratio of 0.20. The company has a fifty day moving average price of $11.37 and a two-hundred day moving average price of $13.92. Dave & Buster’s Entertainment, Inc. has a one year low of $9.61 and a one year high of $35.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). The firm had revenue of $559.20 million for the quarter, compared to analyst estimates of $580.60 million. Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. As a group, equities analysts predict that Dave & Buster’s Entertainment, Inc. will post -1.1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup initiated coverage on Dave & Buster’s Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th. Wall Street Zen cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. BMO Capital Markets decreased their price target on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, June 16th. Finally, UBS Group lowered their price target on Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.33.

Dave & Buster’s Entertainment Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.