New York State Teachers Retirement System Grows Position in Dave & Buster’s Entertainment, Inc. (PLAY)

New York State Teachers Retirement System boosted its holdings in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,126 shares of the restaurant operator’s stock after buying an additional 1,300 shares during the period. New York State Teachers Retirement System’s holdings in Dave & Buster’s Entertainment were worth $899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Alps Advisors Inc. raised its holdings in Dave & Buster’s Entertainment by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,142 shares of the restaurant operator’s stock worth $542,000 after buying an additional 21 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in Dave & Buster’s Entertainment by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 4,933 shares of the restaurant operator’s stock worth $328,000 after buying an additional 50 shares during the last quarter. Renaissance Group LLC raised its holdings in Dave & Buster’s Entertainment by 0.9% during the second quarter. Renaissance Group LLC now owns 5,811 shares of the restaurant operator’s stock worth $386,000 after buying an additional 54 shares during the last quarter. First National Bank of Omaha raised its holdings in Dave & Buster’s Entertainment by 0.3% during the second quarter. First National Bank of Omaha now owns 22,735 shares of the restaurant operator’s stock worth $1,512,000 after buying an additional 60 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Dave & Buster’s Entertainment by 0.6% during the second quarter. JPMorgan Chase & Co. now owns 13,637 shares of the restaurant operator’s stock worth $907,000 after buying an additional 79 shares during the last quarter.

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Shares of Dave & Buster’s Entertainment, Inc. (PLAY) opened at $49.79 on Tuesday. Dave & Buster’s Entertainment, Inc. has a one year low of $44.55 and a one year high of $73.48. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2,007.37, a price-to-earnings ratio of 19.85, a PEG ratio of 1.24 and a beta of 0.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The firm had revenue of $280.80 million during the quarter, compared to analyst estimates of $281.69 million. During the same quarter in the prior year, the business posted $0.50 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. research analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.66 earnings per share for the current year.

Dave & Buster’s Entertainment declared that its board has authorized a stock buyback plan on Friday, September 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the restaurant operator to reacquire up to 4.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, SVP J Michael Plunkett sold 3,000 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen M. King sold 45,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $49.80, for a total transaction of $2,241,000.00. Following the transaction, the chief executive officer now owns 22,501 shares of the company’s stock, valued at approximately $1,120,549.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,000 shares of company stock valued at $2,901,075. 3.84% of the stock is owned by company insiders.

Several research analysts have weighed in on PLAY shares. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BMO Capital Markets set a $72.00 price objective on shares of Dave & Buster’s Entertainment and gave the stock an “outperform” rating in a report on Tuesday, August 29th. Longbow Research started coverage on shares of Dave & Buster’s Entertainment in a report on Friday, October 13th. They set a “buy” rating and a $77.00 price objective on the stock. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $69.00 price objective (down previously from $74.00) on shares of Dave & Buster’s Entertainment in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Dave & Buster’s Entertainment presently has a consensus rating of “Buy” and an average target price of $71.90.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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.

Institutional Ownership by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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