Nationwide Fund Advisors Has $7.19 Million Stake in Dave & Buster's Entertainment, Inc. (PLAY)

Nationwide Fund Advisors cut its stake in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,075 shares of the restaurant operator’s stock after selling 18,729 shares during the quarter. Nationwide Fund Advisors owned 0.33% of Dave & Buster's Entertainment worth $7,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Dave & Buster's Entertainment by 147.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 1,286 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Dave & Buster's Entertainment in the second quarter worth approximately $153,000. Aperio Group LLC purchased a new stake in shares of Dave & Buster's Entertainment in the second quarter worth approximately $202,000. Teacher Retirement System of Texas purchased a new stake in shares of Dave & Buster's Entertainment during the second quarter valued at approximately $224,000. Finally, Advisors Asset Management Inc. increased its position in shares of Dave & Buster's Entertainment by 11.4% during the second quarter. Advisors Asset Management Inc. now owns 3,382 shares of the restaurant operator’s stock valued at $225,000 after acquiring an additional 347 shares during the last quarter.

In other Dave & Buster's Entertainment news, CFO Brian Jenkins sold 2,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $52.30, for a total transaction of $104,600.00. Following the completion of the transaction, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at $263,696.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP J Michael Plunkett sold 3,000 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total value of $153,600.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,000 shares of company stock valued at $799,100. 3.84% of the stock is owned by corporate insiders.

A number of brokerages recently commented on PLAY. Canaccord Genuity reaffirmed a “buy” rating and set a $70.00 price target on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 6th. SunTrust Banks decreased their price target on Dave & Buster's Entertainment to $80.00 and set a “buy” rating for the company in a research report on Wednesday, December 6th. Raymond James Financial set a $63.00 price target on Dave & Buster's Entertainment and gave the company a “buy” rating in a research report on Wednesday, December 6th. BMO Capital Markets decreased their price target on Dave & Buster's Entertainment to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, December 6th. Finally, Maxim Group increased their price target on Dave & Buster's Entertainment from $78.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $71.10.

Shares of Dave & Buster's Entertainment, Inc. (PLAY) opened at $55.18 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2,250.00, a P/E ratio of 22.07, a P/E/G ratio of 1.41 and a beta of 0.58. Dave & Buster's Entertainment, Inc. has a 52-week low of $45.71 and a 52-week high of $73.48.

Dave & Buster's Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The business had revenue of $250.00 million during the quarter, compared to analyst estimates of $255.70 million. During the same period in the prior year, the company earned $0.25 earnings per share. Dave & Buster's Entertainment’s revenue was up 9.3% compared to the same quarter last year. research analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.65 EPS for the current fiscal year.

Dave & Buster's Entertainment declared that its Board of Directors has authorized a stock repurchase plan on Friday, September 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the restaurant operator to purchase up to 4.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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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.

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

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