Rockefeller Capital Management L.P. Takes Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Rockefeller Capital Management L.P. purchased a new position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,032 shares of the restaurant operator’s stock, valued at approximately $1,899,000. Rockefeller Capital Management L.P. owned approximately 0.17% of Dave & Buster’s Entertainment at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PLAY. SBI Securities Co. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $47,000. KBC Group NV increased its stake in Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 885 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $175,000. Aristides Capital LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $207,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in shares of Dave & Buster’s Entertainment by 19.0% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 1,700 shares in the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Up 9.2 %

Dave & Buster’s Entertainment stock opened at $19.98 on Monday. The firm has a market capitalization of $689.61 million, a price-to-earnings ratio of 9.89 and a beta of 1.86. The firm has a 50 day simple moving average of $19.86 and a 200 day simple moving average of $28.00. Dave & Buster’s Entertainment Inc has a 1-year low of $15.08 and a 1-year high of $57.10. 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 announced its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $534.50 million during the quarter, compared to analysts’ expectations of $548.77 million. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. On average, analysts predict that Dave & Buster’s Entertainment Inc will post 2.52 earnings per share for the current year.

Wall Street Analyst Weigh In

PLAY has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, April 2nd. BMO Capital Markets reduced their price target on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Loop Capital lowered their price objective on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Piper Sandler decreased their price target on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus target price of $33.00.

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.