Cibc World Market Inc. Raises Holdings in Dave & Buster’s Entertainment, Inc. $PLAY

Cibc World Market Inc. grew its stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 236.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 336,900 shares of the restaurant operator’s stock after buying an additional 236,900 shares during the quarter. Cibc World Market Inc. owned 0.97% of Dave & Buster’s Entertainment worth $6,118,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Dave & Buster’s Entertainment in the first quarter worth approximately $430,000. Yousif Capital Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at $225,000. Fox Run Management L.L.C. purchased a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth $381,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth $214,000. Finally, Creative Planning purchased a new position in Dave & Buster’s Entertainment in the second quarter valued at $311,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $14.85 on Friday. The firm’s fifty day simple moving average is $18.15 and its 200-day simple moving average is $19.34. 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 market capitalization of $515.00 million, a price-to-earnings ratio of -371.16 and a beta of 1.78. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22.

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

Analyst Ratings Changes

A number of analysts have issued reports on PLAY shares. UBS Group decreased their price target on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Truist Financial decreased their target price on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. BMO Capital Markets dropped their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Loop Capital set a $20.00 price objective on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.83.

Dave & Buster’s Entertainment Company 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.