Farther Finance Advisors LLC Acquires Shares of 1,236 Dave & Buster’s Entertainment, Inc. $PLAY

Farther Finance Advisors LLC acquired a new stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,236 shares of the restaurant operator’s stock, valued at approximately $37,000.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Dave & Buster’s Entertainment by 1,427.5% in the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 3,997 shares during the period. M.E. Allison & CO. Inc. bought a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at about $1,542,000. GAMMA Investing LLC boosted its stake in shares of Dave & Buster’s Entertainment by 71,493.5% during the 1st quarter. GAMMA Investing LLC now owns 76,605 shares of the restaurant operator’s stock valued at $1,346,000 after purchasing an additional 76,498 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Dave & Buster’s Entertainment by 16.7% during the 1st quarter. Invesco Ltd. now owns 243,849 shares of the restaurant operator’s stock valued at $4,284,000 after purchasing an additional 34,935 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 9.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator’s stock valued at $9,081,000 after purchasing an additional 44,911 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Tarun Lal bought 8,060 shares of Dave & Buster’s Entertainment stock in a transaction on Tuesday, July 22nd. The stock was acquired at an average cost of $31.26 per share, with a total value of $251,955.60. Following the completion of the acquisition, the chief executive officer owned 8,060 shares in the company, valued at approximately $251,955.60. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.02% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PLAY shares. Loop Capital lifted their target price on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Zacks Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Saturday, September 27th. Truist Financial cut their target price on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, September 16th. Finally, UBS Group dropped their price objective on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Hold” and an average price target of $31.33.

Dave & Buster’s Entertainment Stock Down 1.9%

PLAY opened at $17.69 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 9.32. The firm has a 50 day moving average price of $23.23 and a 200-day moving average price of $23.99. Dave & Buster’s Entertainment, Inc. has a twelve month low of $15.08 and a twelve month high of $43.73. The stock has a market capitalization of $613.31 million, a price-to-earnings ratio of 52.03 and a beta of 1.97.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.60). Dave & Buster’s Entertainment had a net margin of 0.46% and a return on equity of 29.24%. The company had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $565.43 million. During the same period in the previous year, the firm earned $0.99 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current year.

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.