42,032 Shares in Dave & Buster’s Entertainment, Inc. $PLAY Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 42,032 shares of the restaurant operator’s stock, valued at approximately $763,000. CenterBook Partners LP owned about 0.12% of Dave & Buster’s Entertainment at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake in Dave & Buster’s Entertainment by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock valued at $3,665,000 after purchasing an additional 637 shares during the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Dave & Buster’s Entertainment by 9.0% in the second quarter. Ausdal Financial Partners Inc. now owns 25,220 shares of the restaurant operator’s stock valued at $759,000 after buying an additional 2,078 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Dave & Buster’s Entertainment by 13.2% during the 2nd quarter. Cerity Partners LLC now owns 22,654 shares of the restaurant operator’s stock worth $681,000 after acquiring an additional 2,644 shares during the period. Rhumbline Advisers raised its stake in Dave & Buster’s Entertainment by 3.7% in the 3rd quarter. Rhumbline Advisers now owns 87,291 shares of the restaurant operator’s stock valued at $1,585,000 after acquiring an additional 3,150 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after purchasing an additional 3,772 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Down 1.2%

Shares of NASDAQ PLAY opened at $15.41 on Friday. The company has a market cap of $534.42 million, a price-to-earnings ratio of -385.15 and a beta of 1.78. The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 11.87. Dave & Buster’s Entertainment, Inc. has a 12 month low of $13.04 and a 12 month high of $35.53. The stock has a 50-day moving average price of $17.78 and a two-hundred day moving average price of $18.89.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.16) by ($0.06). The company had revenue of $448.20 million for the quarter, compared to the consensus estimate of $460.66 million. Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.45) earnings per share. As a group, analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group decreased their price target on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Zacks Research raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Benchmark raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued 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 $23.83.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.