Boston Partners Sells 562,679 Shares of Dave & Buster’s Entertainment, Inc. $PLAY

Boston Partners lessened its holdings in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 97.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,960 shares of the restaurant operator’s stock after selling 562,679 shares during the period. Boston Partners’ holdings in Dave & Buster’s Entertainment were worth $480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Clearline Capital LP increased its holdings in Dave & Buster’s Entertainment by 17.7% during the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator’s stock worth $23,706,000 after buying an additional 203,012 shares during the last quarter. Nuveen LLC bought a new position in shares of Dave & Buster’s Entertainment during the 1st quarter valued at approximately $2,453,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter worth approximately $968,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Dave & Buster’s Entertainment by 9.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator’s stock worth $9,081,000 after purchasing an additional 44,911 shares during the period. Finally, Alberta Investment Management Corp bought a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter worth approximately $784,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Trading Down 5.5%

Shares of PLAY opened at $14.15 on Friday. The business’s 50-day moving average price is $18.01 and its 200-day moving average price is $23.59. Dave & Buster’s Entertainment, Inc. has a twelve month low of $13.12 and a twelve month high of $40.10. The stock has a market cap of $490.54 million, a PE ratio of 41.62 and a beta of 2.02. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 9.32.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Monday, September 15th. The restaurant operator reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.52). Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The firm had revenue of $557.40 million for the quarter, compared to the consensus estimate of $565.43 million. During the same period last year, the company posted $0.99 EPS. The business’s revenue was up .1% on a year-over-year basis. On average, equities analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PLAY. Zacks Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, October 8th. Truist Financial decreased their price objective on Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, September 16th. Piper Sandler lowered their price objective on Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Finally, UBS Group cut their target price on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.33.

Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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.