Alliancebernstein L.P. Has $1.04 Million Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Alliancebernstein L.P. cut its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,656 shares of the restaurant operator’s stock after selling 3,174 shares during the quarter. Alliancebernstein L.P. owned 0.09% of Dave & Buster’s Entertainment worth $1,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLAY. SG Americas Securities LLC lifted its position in shares of Dave & Buster’s Entertainment by 1,100.8% in the 4th 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 during the period. Boston Partners raised its stake in shares of Dave & Buster’s Entertainment by 132.5% in the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock valued at $16,563,000 after purchasing an additional 323,595 shares in the last quarter. Raymond James Financial Inc. bought a new position in Dave & Buster’s Entertainment in the fourth quarter worth $3,677,000. Kazazian Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment during the fourth quarter worth $3,204,000. Finally, WINTON GROUP Ltd bought a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at $2,529,000. 91.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLAY has been the subject of a number of analyst reports. Piper Sandler reduced 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, April 8th. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. BMO Capital Markets lowered their price objective on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Finally, Truist Financial cut their target price on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.00.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $19.98 on Friday. The stock has a market capitalization of $689.61 million, a P/E ratio of 9.89 and a beta of 1.86. Dave & Buster’s Entertainment Inc has a 1 year low of $15.08 and a 1 year high of $57.10. The firm has a 50 day moving average of $19.86 and a 200-day moving average of $28.07. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was down 10.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.52 EPS for the current fiscal year.

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.