Seven Eight Capital LP Grows Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Seven Eight Capital LP lifted its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 156.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 59,934 shares of the restaurant operator’s stock after purchasing an additional 36,563 shares during the period. Seven Eight Capital LP’s holdings in Dave & Buster’s Entertainment were worth $2,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Headlands Technologies LLC increased its stake in shares of Dave & Buster’s Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 233 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in Dave & Buster’s Entertainment by 1.3% during the first quarter. Illinois Municipal Retirement Fund now owns 19,369 shares of the restaurant operator’s stock worth $1,212,000 after purchasing an additional 248 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in shares of Dave & Buster’s Entertainment by 3.5% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator’s stock worth $560,000 after buying an additional 300 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Dave & Buster’s Entertainment by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock valued at $645,000 after buying an additional 300 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Dave & Buster’s Entertainment by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after acquiring an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CFO Darin Harper purchased 13,438 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was acquired at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the acquisition, the chief financial officer now directly owns 35,598 shares of the company’s stock, valued at approximately $1,380,490.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY opened at $31.85 on Wednesday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 13.55 and a beta of 2.14. Dave & Buster’s Entertainment Inc has a one year low of $29.31 and a one year high of $69.82. The company has a 50-day simple moving average of $33.77 and a 200-day simple moving average of $46.20. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.24 and a current ratio of 0.24.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, analysts predict that Dave & Buster’s Entertainment Inc will post 2.84 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on PLAY shares. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Loop Capital decreased their target price on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. UBS Group reduced their price target on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Finally, Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.57.

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.