Barrow Hanley Mewhinney & Strauss LLC Sells 76,800 Shares of Dave & Buster’s Entertainment, Inc. $PLAY

Barrow Hanley Mewhinney & Strauss LLC lessened its position in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,294,746 shares of the restaurant operator’s stock after selling 76,800 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 3.73% of Dave & Buster’s Entertainment worth $23,513,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at about $104,000. Barclays PLC lifted its holdings in Dave & Buster’s Entertainment by 10.9% in the third quarter. Barclays PLC now owns 168,799 shares of the restaurant operator’s stock valued at $3,065,000 after buying an additional 16,525 shares during the period. First Eagle Investment Management LLC bought a new position in Dave & Buster’s Entertainment in the third quarter valued at approximately $1,834,000. Victory Capital Management Inc. bought a new position in Dave & Buster’s Entertainment in the third quarter valued at approximately $1,455,000. Finally, Intech Investment Management LLC grew its holdings in Dave & Buster’s Entertainment by 38.8% during the 3rd quarter. Intech Investment Management LLC now owns 165,393 shares of the restaurant operator’s stock worth $3,004,000 after acquiring an additional 46,210 shares during the period. Institutional investors own 91.45% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PLAY. Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, January 16th. Wall Street Zen raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a report on Wednesday, December 10th. UBS Group cut their target price on 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. Finally, BMO Capital Markets reduced their target price on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Three equities 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. According to MarketBeat, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus price target of $23.83.

Dave & Buster’s Entertainment Trading Down 3.2%

Shares of NASDAQ PLAY opened at $13.24 on Thursday. Dave & Buster’s Entertainment, Inc. has a twelve month low of $12.80 and a twelve month high of $35.53. The stock has a market cap of $459.16 million, a price-to-earnings ratio of -330.92 and a beta of 1.79. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. The company’s fifty day moving average is $17.14 and its 200-day moving average is $17.93.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The firm had revenue of $448.20 million during the quarter, compared to the consensus estimate of $460.66 million. During the same quarter in the prior year, the company earned ($0.45) EPS. Dave & Buster’s Entertainment’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts predict that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current year.

Dave & Buster’s Entertainment Profile

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.