Vanguard Group Inc. Lowers Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Vanguard Group Inc. decreased its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,281,481 shares of the restaurant operator’s stock after selling 304,010 shares during the quarter. Vanguard Group Inc. owned 11.12% of Dave & Buster’s Entertainment worth $124,976,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. NewEdge Wealth LLC grew its stake in Dave & Buster’s Entertainment by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock worth $21,235,000 after buying an additional 85,820 shares in the last quarter. Boston Partners lifted its holdings in shares of Dave & Buster’s Entertainment by 132.5% during the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock worth $16,563,000 after acquiring an additional 323,595 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Dave & Buster’s Entertainment by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator’s stock worth $13,775,000 after acquiring an additional 9,733 shares in the last quarter. SG Americas Securities LLC grew its position in Dave & Buster’s Entertainment by 1,100.8% in the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock worth $12,405,000 after acquiring an additional 389,577 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its stake in Dave & Buster’s Entertainment by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator’s stock valued at $4,580,000 after acquiring an additional 10,000 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Stock Down 0.8 %

Shares of NASDAQ PLAY opened at $16.06 on Wednesday. The firm’s fifty day moving average is $21.34 and its 200 day moving average is $28.94. Dave & Buster’s Entertainment Inc has a 52 week low of $15.08 and a 52 week high of $64.31. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company has a market cap of $618.36 million, a price-to-earnings ratio of 7.95 and a beta of 1.86.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $534.50 million for the quarter, compared to analysts’ expectations of $548.77 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. On average, equities research analysts expect that Dave & Buster’s Entertainment Inc will post 2.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Gordon Haskett reaffirmed a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Loop Capital dropped their target price on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Piper Sandler lowered their price objective on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.83.

About Dave & Buster’s Entertainment

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.