SG Americas Securities LLC Buys 153,556 Shares of Dave & Buster’s Entertainment, Inc. $PLAY

SG Americas Securities LLC raised its stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 411.9% in the third quarter, Holdings Channel.com reports. The firm owned 190,840 shares of the restaurant operator’s stock after acquiring an additional 153,556 shares during the period. SG Americas Securities LLC’s holdings in Dave & Buster’s Entertainment were worth $3,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Dave & Buster’s Entertainment by 99.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after purchasing an additional 499,412 shares during the period. JPMorgan Chase & Co. increased its stake in Dave & Buster’s Entertainment by 147.1% during the second quarter. JPMorgan Chase & Co. now owns 329,008 shares of the restaurant operator’s stock valued at $9,897,000 after acquiring an additional 195,834 shares during the period. Raymond James Financial Inc. raised its holdings in Dave & Buster’s Entertainment by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock valued at $3,665,000 after acquiring an additional 637 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at approximately $3,610,000. Finally, Intech Investment Management LLC lifted its position in shares of Dave & Buster’s Entertainment by 213.6% in the 2nd quarter. Intech Investment Management LLC now owns 119,183 shares of the restaurant operator’s stock worth $3,585,000 after acquiring an additional 81,177 shares during the period. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PLAY shares. Truist Financial cut their target price on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday. Piper Sandler dropped their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. UBS Group reduced their price objective on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. BMO Capital Markets lowered their target price on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Finally, Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.60.

Dave & Buster’s Entertainment Trading Up 2.3%

Dave & Buster’s Entertainment stock opened at $17.70 on Tuesday. The company has a market cap of $613.84 million, a price-to-earnings ratio of -442.39 and a beta of 1.74. The firm has a 50-day moving average of $16.41 and a 200-day moving average of $21.41. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22. Dave & Buster’s Entertainment, Inc. has a one year low of $13.04 and a one year high of $35.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The company had revenue of $448.20 million during the quarter, compared to analyst estimates of $460.66 million. During the same period in the prior year, the firm posted ($0.45) EPS. Dave & Buster’s Entertainment’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal 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.