Shell Asset Management Co. Sells 407 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Shell Asset Management Co. reduced its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,714 shares of the restaurant operator’s stock after selling 407 shares during the period. Shell Asset Management Co.’s holdings in Dave & Buster’s Entertainment were worth $733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co lifted its holdings in Dave & Buster’s Entertainment by 16.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,193 shares of the restaurant operator’s stock worth $2,016,000 after acquiring an additional 4,569 shares in the last quarter. National Bank of Canada FI bought a new position in Dave & Buster’s Entertainment during the first quarter worth about $31,300,000. Seven Eight Capital LP bought a new position in Dave & Buster’s Entertainment during the first quarter worth about $1,463,000. O Shaughnessy Asset Management LLC bought a new position in Dave & Buster’s Entertainment during the first quarter worth about $249,000. Finally, Edgestream Partners L.P. bought a new position in Dave & Buster’s Entertainment during the first quarter worth about $1,417,000. 91.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLAY has been the topic of several recent analyst reports. UBS Group reduced their target price on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. William Blair reissued an “outperform” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. StockNews.com raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, June 11th. Finally, Loop Capital dropped their price target on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Moderate Buy” and an average price target of $65.71.

Dave & Buster’s Entertainment Price Performance

NASDAQ:PLAY opened at $36.06 on Friday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.24 and a current ratio of 0.32. The stock’s 50-day simple moving average is $43.13 and its 200 day simple moving average is $52.34. The company has a market cap of $1.43 billion, a P/E ratio of 15.34 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 52-week low of $33.07 and a 52-week high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). The company had revenue of $588.10 million during the quarter, compared to analyst estimates of $615.88 million. Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. Dave & Buster’s Entertainment’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS. As a group, sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 3.03 EPS for the current fiscal year.

Insider Activity at Dave & Buster’s Entertainment

In related news, CFO Darin Harper bought 13,438 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were acquired at an average price of $38.78 per share, with a total value of $521,125.64. Following the completion of the transaction, the chief financial officer now owns 35,598 shares in the company, valued at $1,380,490.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is owned by company insiders.

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.