Quantinno Capital Management LP Increases Position in Dave & Buster’s Entertainment, Inc. $PLAY

Quantinno Capital Management LP increased its holdings in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 519.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,992 shares of the restaurant operator’s stock after acquiring an additional 58,685 shares during the quarter. Quantinno Capital Management LP owned approximately 0.20% of Dave & Buster’s Entertainment worth $758,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nomura Holdings Inc. increased its holdings in Dave & Buster’s Entertainment by 532.9% during the 3rd quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock worth $43,787,000 after purchasing an additional 2,030,186 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Dave & Buster’s Entertainment by 44.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator’s stock valued at $16,351,000 after buying an additional 468,174 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth approximately $7,359,000. ING Groep NV acquired a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth approximately $7,311,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Dave & Buster’s Entertainment by 40.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,515,000 shares of the restaurant operator’s stock worth $24,558,000 after buying an additional 434,000 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ PLAY opened at $9.93 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 15.01. The firm’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $12.47. Dave & Buster’s Entertainment, Inc. has a 52-week low of $9.40 and a 52-week high of $26.31. The stock has a market capitalization of $345.46 million, a P/E ratio of -5.25 and a beta of 1.86.

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

Analysts Set New Price Targets

Several research analysts have weighed in on PLAY shares. Citigroup began coverage on shares of Dave & Buster’s Entertainment in a report on Monday, June 29th. They set a “market perform” rating for the company. BMO Capital Markets reduced their price target on shares of Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 16th. Citizens Jmp started coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Friday, July 17th. Finally, UBS Group dropped 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 equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.33.

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.