Maryland State Retirement & Pension System Invests $244,000 in Dave & Buster’s Entertainment, Inc. $PLAY

Maryland State Retirement & Pension System acquired a new position in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,125 shares of the restaurant operator’s stock, valued at approximately $244,000.

Other institutional investors also recently modified their holdings of the company. Boyar Asset Management Inc. acquired a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at about $205,000. Farther Finance Advisors LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $37,000. Clearline Capital LP boosted its position in shares of Dave & Buster’s Entertainment by 17.7% during the 1st quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator’s stock worth $23,706,000 after acquiring an additional 203,012 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter worth approximately $968,000. Finally, AQR Capital Management LLC bought a new position in Dave & Buster’s Entertainment in the 1st quarter valued at approximately $430,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

Dave & Buster’s Entertainment stock opened at $18.77 on Wednesday. The firm’s 50 day simple moving average is $22.15 and its 200 day simple moving average is $23.90. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 9.32. The firm has a market capitalization of $650.76 million, a PE ratio of 55.21 and a beta of 1.97. Dave & Buster’s Entertainment, Inc. has a 1-year low of $15.08 and a 1-year high of $43.73.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.60). The firm had revenue of $557.40 million for the quarter, compared to the consensus estimate of $565.43 million. Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. As a group, analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Insider Activity at Dave & Buster’s Entertainment

In related news, CEO Tarun Lal purchased 8,060 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were purchased at an average price of $31.26 per share, with a total value of $251,955.60. Following the acquisition, the chief executive officer directly owned 8,060 shares of the company’s stock, valued at approximately $251,955.60. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PLAY shares. Truist Financial dropped their price objective on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, September 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. UBS Group reduced their price target on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Piper Sandler reduced their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Finally, Zacks Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.33.

Dave & Buster’s Entertainment Company 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.