Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 94.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,805 shares of the restaurant operator’s stock after selling 710,202 shares during the period. JPMorgan Chase & Co. owned about 0.11% of Dave & Buster’s Entertainment worth $1,249,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Clare Market Investments LLC bought a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at $540,000. Raymond James Financial Inc. bought a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $3,677,000. Principal Financial Group Inc. raised its stake in Dave & Buster’s Entertainment by 2.3% during the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after acquiring an additional 3,494 shares during the period. Intech Investment Management LLC lifted its holdings in Dave & Buster’s Entertainment by 68.8% in the fourth quarter. Intech Investment Management LLC now owns 36,215 shares of the restaurant operator’s stock worth $1,057,000 after acquiring an additional 14,759 shares during the last quarter. Finally, Sciencast Management LP acquired a new position in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $577,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $19.51 on Friday. The firm has a market capitalization of $673.39 million, a PE ratio of 9.66 and a beta of 1.86. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. Dave & Buster’s Entertainment Inc has a 12 month low of $15.08 and a 12 month high of $57.10. The company’s 50 day simple moving average is $19.35 and its 200 day simple moving average is $27.56.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The company 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 business’s revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. As a group, equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 2.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PLAY shares. BMO Capital Markets lowered their price objective on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Truist Financial cut their price objective on shares of Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, April 2nd. Loop Capital decreased their target price on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Piper Sandler cut their price target on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. One equities 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, the company currently has a consensus rating of “Hold” and a consensus price target 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.