Point72 Asset Management L.P. increased its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,960 shares of the restaurant operator’s stock after buying an additional 8,064 shares during the period. Point72 Asset Management L.P. owned 0.41% of Dave & Buster’s Entertainment worth $4,906,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Usca Ria LLC purchased a new position in Dave & Buster’s Entertainment during the third quarter worth about $28,000. Quest Capital Management Inc. ADV purchased a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at about $30,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $36,000. Meeder Asset Management Inc. boosted its position in shares of Dave & Buster’s Entertainment by 639.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,857 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 1,606 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $111,000. Institutional investors own 99.11% of the company’s stock.
Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. William Blair lowered shares of Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 11th. BMO Capital Markets cut their price target on shares of Dave & Buster’s Entertainment from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. Loop Capital cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Stifel Nicolaus initiated coverage on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 18th. They issued a “hold” rating and a $45.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.81.
Shares of NASDAQ PLAY opened at $40.21 on Tuesday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 0.97 and a beta of 0.79. The company has a current ratio of 0.30, a quick ratio of 0.20 and a debt-to-equity ratio of 6.73. Dave & Buster’s Entertainment Inc has a 1-year low of $37.21 and a 1-year high of $59.60. The stock’s 50-day moving average is $40.32 and its 200 day moving average is $41.96.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. Dave & Buster’s Entertainment had a return on equity of 32.64% and a net margin of 8.78%. The company had revenue of $344.60 million during the quarter, compared to the consensus estimate of $345.27 million. On average, analysts forecast that Dave & Buster’s Entertainment Inc will post 2.81 EPS for the current fiscal year.
The firm also recently disclosed a 0.15000 dividend, which was paid on Monday, November 11th. Stockholders of record on Friday, October 11th were issued a $0.16 dividend. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 1.6%. Dave & Buster’s Entertainment’s payout ratio is 21.84%.
About Dave & Buster’s Entertainment
Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrÃ©es 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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