Bank of New York Mellon Corp Sells 10,155 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Bank of New York Mellon Corp decreased its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 391,894 shares of the restaurant operator’s stock after selling 10,155 shares during the quarter. Bank of New York Mellon Corp owned about 0.81% of Dave & Buster’s Entertainment worth $14,418,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in Dave & Buster’s Entertainment by 5.0% during the third quarter. BlackRock Inc. now owns 6,831,055 shares of the restaurant operator’s stock worth $211,967,000 after buying an additional 322,669 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dave & Buster’s Entertainment by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 5,154,666 shares of the restaurant operator’s stock worth $253,094,000 after acquiring an additional 26,289 shares in the last quarter. Nomura Holdings Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 6.7% in the 4th quarter. Nomura Holdings Inc. now owns 2,448,950 shares of the restaurant operator’s stock valued at $86,757,000 after purchasing an additional 153,227 shares during the period. American Century Companies Inc. boosted its position in shares of Dave & Buster’s Entertainment by 23.2% during the 4th quarter. American Century Companies Inc. now owns 2,312,214 shares of the restaurant operator’s stock valued at $81,945,000 after purchasing an additional 436,003 shares in the last quarter. Finally, State Street Corp grew its stake in Dave & Buster’s Entertainment by 5.9% during the third quarter. State Street Corp now owns 1,512,478 shares of the restaurant operator’s stock worth $46,932,000 after purchasing an additional 84,216 shares during the period. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Trading Up 0.3 %

NASDAQ:PLAY opened at $39.88 on Thursday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.51 and a quick ratio of 0.39. Dave & Buster’s Entertainment Inc has a one year low of $30.36 and a one year high of $47.29. The company has a market cap of $1.71 billion, a PE ratio of 13.85 and a beta of 2.02. The firm has a 50-day moving average of $43.15 and a 200-day moving average of $38.98.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, June 6th. The restaurant operator reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.19. Dave & Buster’s Entertainment had a return on equity of 38.02% and a net margin of 6.64%. The firm had revenue of $597.30 million during the quarter, compared to analyst estimates of $603.91 million. During the same period in the previous year, the company posted $1.35 EPS. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. As a group, equities research analysts expect that Dave & Buster’s Entertainment Inc will post 3.53 EPS for the current fiscal year.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $43.31, for a total transaction of $324,825.00. Following the transaction, the senior vice president now directly owns 68,312 shares in the company, valued at approximately $2,958,592.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on PLAY. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $63.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, August 24th. Citigroup increased their target price on shares of Dave & Buster’s Entertainment to $56.50 in a research note on Tuesday, June 27th. UBS Group initiated coverage on shares of Dave & Buster’s Entertainment in a research note on Sunday, May 7th. They issued a “neutral” rating and a $38.00 price target for the company. Raymond James increased their price objective on shares of Dave & Buster’s Entertainment from $55.00 to $60.00 in a research report on Wednesday, June 14th. Finally, StockNews.com began coverage on Dave & Buster’s Entertainment in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Moderate Buy” and an average target price of $54.07.

Dave & Buster’s Entertainment 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.