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LMR Partners LLP adds to its holdings in Dave & Buster’s Entertainment Inc (Nasdaq: Play – get rating) rose 6.7% in the third quarter, according to the company’s most recent filing with the Securities and Exchange Commission (SEC). The fund owns 159,980 shares of the restaurant operator after acquiring an additional 10,070 shares during the quarter. LMR Partners LLP owns 0.33% of Dave & Buster’s Entertainment, worth $4,964,000 at the end of the most recent quarter.
Many other institutional investors and hedge funds have also recently revised their holdings of PLAY. Lazard Asset Management LLC purchased a new position at Dave & Buster’s Entertainment in the first quarter for approximately $32,000. First Personal Financial Services purchased a new position at Dave & Buster’s Entertainment in the third quarter for approximately $33,000. Focused Wealth Management Inc increased its stake in Dave & Buster’s Entertainment by 57.1% in the second quarter. Focused Wealth Management Inc now owns 2,200 shares of the restaurant operator, worth $72,000, after buying an additional 800 shares last quarter. Captrust Financial Advisors increased its stake in Dave & Buster’s Entertainment by 221.8% in the first quarter. After buying an additional 1,586 shares last quarter, Captrust Financial Advisors now owns 2,301 shares of the restaurant operator, worth $113,000. Finally, CM Bidwell & Associates Ltd. purchased a new position at Dave & Buster’s Entertainment in the second quarter for approximately $101,000. 99.21% of the shares are held by institutional investors.
Dave & Buster’s Entertainment Stock Performance
Play It opened Friday at $40.85. The business has a 50-day simple moving average of $40.15 and a 200-day simple moving average of $38.49. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 16.43, and a beta of 1.93. Dave & Buster’s Entertainment Inc had a 1-year low of $29.60 and a 1-year high of $52.54. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.58, and a quick ratio of 0.46.
Dave and Buster’s Entertainment (Nasdaq: Play – get rating) finally released quarterly earnings results on Tuesday, December 6th. The restaurant operator reported earnings per share (EPS) of $0.04 for the quarter, beating the consensus estimate of $0.03 by $0.01. The business reported revenue of $481.21 million for the quarter, compared with the consensus estimate of $470.78 million. Dave & Buster’s Entertainment had a return on equity of 37.13% and a net profit margin of 7.09%. The company’s quarterly revenue rose 51.3% year-over-year. In the same period last year, the company reported EPS of $0.21. Research analysts expect Dave & Buster’s Entertainment Inc to post earnings per share of 2.72 for the year.
Insider Trading at Dave & Buster’s Entertainment
In related news, Chief Financial Officer Michael Quartieri acquired 4,025 shares of the company in a transaction on Thursday, December 8. The stock was purchased at an average cost of $35.07 per share for a total value of $141,156.75. Following the acquisition, the CFO now directly owns 45,210 shares of the company’s stock, worth $1,585,514.70.The acquisition was disclosed in a filing with the U.S. Securities and Exchange Commission, available via this hyperlink. In related news, Chief Financial Officer Michael Quartieri acquired 4,025 shares of the company in a transaction on Thursday, December 8. The stock was purchased at an average cost of $35.07 per share for a total value of $141,156.75. Following the acquisition, the CFO now directly owns 45,210 shares of the company’s stock, worth $1,585,514.70.The acquisition was disclosed in a filing with the U.S. Securities and Exchange Commission, available via this hyperlink. Additionally, CMO Ashley Zickefoose acquired 3,000 shares of the company in a transaction on Thursday, December 8th. The stock was purchased at an average cost of $34.49 per share for a total value of $103,470.00. Following the acquisition, the CMO now directly owns 19,421 shares of the company, worth $669,830.29.Disclosures for this purchase can be found at here. Insiders bought 1,021,450 shares of the company stock worth $35,037,776 in the past three months. Company insiders own 3.21% of the company.
Wall Street analysts forecast growth
PLAY has been the subject of many analyst reports. BMO Capital Markets cut their price target on shares of Dave & Buster’s Entertainment from $66.00 to $55.00 and set an “outperform” rating on the company in a research report on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price objective on the company in a research report on Tuesday, November 8th. at last, Stock News Network Dave & Buster’s Entertainment was upgraded from a “sell” rating to a “hold” rating in a research report on Wednesday, December 7th. Three equity research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.00.
Dave & Buster’s Entertainment Profile
Dave & Buster’s Entertainment, Inc owns and operates adult and family entertainment and dining establishments. Its venues offer entrée and appetizer menus, as well as a variety of non-alcoholic and alcoholic beverages; and a variety of entertainment attractions centered on playing games and watching live sporting events and other televised events.
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