Arrowstreet Capital Limited Partnership Boosts Holdings in Dave & Buster’s Entertainment, Inc. $PLAY

Arrowstreet Capital Limited Partnership increased its holdings in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 99.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 999,554 shares of the restaurant operator’s stock after buying an additional 499,412 shares during the quarter. Arrowstreet Capital Limited Partnership owned 2.89% of Dave & Buster’s Entertainment worth $30,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the stock. Quantbot Technologies LP lifted its stake in shares of Dave & Buster’s Entertainment by 123.8% during the second quarter. Quantbot Technologies LP now owns 53,368 shares of the restaurant operator’s stock worth $1,605,000 after buying an additional 29,524 shares during the period. XTX Topco Ltd raised its stake in Dave & Buster’s Entertainment by 224.2% in the 2nd quarter. XTX Topco Ltd now owns 65,309 shares of the restaurant operator’s stock worth $1,964,000 after acquiring an additional 45,165 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Dave & Buster’s Entertainment by 147.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 329,008 shares of the restaurant operator’s stock worth $9,897,000 after acquiring an additional 195,834 shares during the period. Intech Investment Management LLC grew its stake in Dave & Buster’s Entertainment by 213.6% during the 2nd quarter. Intech Investment Management LLC now owns 119,183 shares of the restaurant operator’s stock valued at $3,585,000 after purchasing an additional 81,177 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at about $311,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Piper Sandler decreased their target price on 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. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. UBS Group reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Dave & Buster’s Entertainment in a report on Friday. Truist Financial cut their target price on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, September 16th. Finally, Zacks Research cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.50.

Dave & Buster’s Entertainment Stock Down 4.7%

Shares of NASDAQ:PLAY opened at $17.32 on Friday. The business has a 50-day moving average price of $16.48 and a 200 day moving average price of $23.09. The company has a market capitalization of $600.48 million, a price-to-earnings ratio of 50.94 and a beta of 1.77. Dave & Buster’s Entertainment, Inc. has a 12-month low of $13.04 and a 12-month high of $38.43. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 9.32.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.52). Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.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 business posted $0.99 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS 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.