133,336 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Acquired by Norges Bank

Norges Bank bought a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAYFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 133,336 shares of the restaurant operator’s stock, valued at approximately $7,180,000. Norges Bank owned about 0.33% of Dave & Buster’s Entertainment at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Eminence Capital LP increased its stake in Dave & Buster’s Entertainment by 331.4% in the 3rd quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock worth $134,766,000 after purchasing an additional 2,792,780 shares during the period. American Century Companies Inc. increased its stake in Dave & Buster’s Entertainment by 7.0% in the 3rd quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock worth $74,971,000 after purchasing an additional 132,460 shares during the period. UBS Group AG increased its stake in Dave & Buster’s Entertainment by 14,863.6% in the 3rd quarter. UBS Group AG now owns 129,435 shares of the restaurant operator’s stock worth $4,798,000 after purchasing an additional 128,570 shares during the period. Vanguard Group Inc. increased its stake in Dave & Buster’s Entertainment by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock worth $166,166,000 after purchasing an additional 116,402 shares during the period. Finally, Lisanti Capital Growth LLC purchased a new position in Dave & Buster’s Entertainment in the 4th quarter worth approximately $4,165,000. Institutional investors own 91.45% of the company’s stock.

Wall Street Analysts Forecast Growth

PLAY has been the topic of a number of analyst reports. UBS Group lifted their price target on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Raymond James reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Monday, March 25th. Truist Financial boosted their target price on Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. BMO Capital Markets boosted their target price on Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Finally, Piper Sandler reissued a “neutral” rating and set a $71.00 target price (up from $50.00) on shares of Dave & Buster’s Entertainment in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus target price of $69.21.

View Our Latest Research Report on Dave & Buster’s Entertainment

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $50.84 on Friday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 18.09 and a beta of 2.06. The business’s fifty day moving average is $54.69 and its 200 day moving average is $54.09. Dave & Buster’s Entertainment Inc has a twelve month low of $33.07 and a twelve month high of $69.82. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 5.11.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) last issued its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.04). The firm had revenue of $599.10 million during the quarter, compared to analysts’ expectations of $603.41 million. Dave & Buster’s Entertainment had a return on equity of 53.96% and a net margin of 5.76%. Research analysts expect that Dave & Buster’s Entertainment Inc will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the sale, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Griffith sold 5,203 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the transaction, the director now directly owns 33,546 shares in the company, valued at $2,199,611.22. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dave & Buster's Entertainment (NASDAQ:PLAY)

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