Thrivent Financial for Lutherans Lowers Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Thrivent Financial for Lutherans cut its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) by 30.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,046 shares of the restaurant operator’s stock after selling 18,653 shares during the period. Thrivent Financial for Lutherans owned 0.09% of Dave & Buster’s Entertainment worth $1,526,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in Dave & Buster’s Entertainment by 2.4% in the 4th quarter. Swiss National Bank now owns 94,473 shares of the restaurant operator’s stock worth $3,348,000 after purchasing an additional 2,200 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Dave & Buster’s Entertainment by 68.5% during the 4th quarter. Russell Investments Group Ltd. now owns 123,492 shares of the restaurant operator’s stock worth $4,377,000 after acquiring an additional 50,183 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Dave & Buster’s Entertainment by 4.4% during the 4th quarter. Arizona State Retirement System now owns 11,046 shares of the restaurant operator’s stock worth $391,000 after acquiring an additional 467 shares in the last quarter. Lynwood Capital Management Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $886,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $298,000. 99.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $35.00, for a total value of $262,500.00. Following the transaction, the senior vice president now owns 78,777 shares of the company’s stock, valued at approximately $2,757,195. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $34.50 on Friday. The stock’s fifty day moving average is $35.00 and its two-hundred day moving average is $37.72. The company has a market capitalization of $1.67 billion, a PE ratio of 12.41 and a beta of 1.92. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 2.98. Dave & Buster’s Entertainment Inc has a 52 week low of $29.60 and a 52 week high of $45.51.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last announced its quarterly earnings data on Tuesday, March 28th. The restaurant operator reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $563.76 million for the quarter, compared to the consensus estimate of $531.84 million. Dave & Buster’s Entertainment had a return on equity of 37.39% and a net margin of 6.98%. Dave & Buster’s Entertainment’s quarterly revenue was up 64.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, analysts expect that Dave & Buster’s Entertainment Inc will post 3.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLAY. UBS Group began coverage on Dave & Buster’s Entertainment in a report on Sunday, May 7th. They set a “neutral” rating and a $38.00 price objective on the stock. StockNews.com began coverage on Dave & Buster’s Entertainment in a research report on Thursday. They set a “hold” rating on the stock. Finally, Truist Financial cut their target price on Dave & Buster’s Entertainment from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, March 29th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $46.57.

Dave & Buster’s Entertainment Company Profile

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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.