Healthcare of Ontario Pension Plan Trust Fund Has $15.77 Million Stock Position in Dave & Buster’s Entertainment, Inc. $PLAY

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 3.9% during the first quarter, Holdings Channel reports. The fund owned 1,456,000 shares of the restaurant operator’s stock after selling 59,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Dave & Buster’s Entertainment were worth $15,768,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLAY. AQR Capital Management LLC bought a new stake in shares of Dave & Buster’s Entertainment during the first quarter valued at approximately $430,000. Creative Planning bought a new position in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $311,000. Marshall Wace LLP acquired a new position in Dave & Buster’s Entertainment during the 2nd quarter worth $243,000. Cerity Partners LLC lifted its holdings in Dave & Buster’s Entertainment by 13.2% during the 2nd quarter. Cerity Partners LLC now owns 22,654 shares of the restaurant operator’s stock worth $681,000 after buying an additional 2,644 shares in the last quarter. Finally, Caption Management LLC boosted its position in Dave & Buster’s Entertainment by 624.7% in the 2nd quarter. Caption Management LLC now owns 14,153 shares of the restaurant operator’s stock valued at $426,000 after buying an additional 12,200 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLAY. Piper Sandler lowered their target price on Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, April 6th. Wall Street Zen lowered Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note 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 on the stock in a report on Tuesday, June 16th. Zacks Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 2nd. Finally, UBS Group cut their target price on shares of 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 analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus target price of $19.33.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $10.43 on Tuesday. The firm has a fifty day moving average of $11.32 and a two-hundred day moving average of $13.44. The company has a debt-to-equity ratio of 15.01, a quick ratio of 0.20 and a current ratio of 0.29. The stock has a market capitalization of $362.86 million, a price-to-earnings ratio of -5.52 and a beta of 1.84. Dave & Buster’s Entertainment, Inc. has a 52 week low of $9.40 and a 52 week high of $33.30.

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

Dave & Buster’s Entertainment Company 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.