Dynamic Technology Lab Private Ltd Has $447,000 Stock Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Dynamic Technology Lab Private Ltd lessened its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 45.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,132 shares of the restaurant operator’s stock after selling 10,881 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Dave & Buster’s Entertainment were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLAY. Kimelman & Baird LLC acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $28,000. Allspring Global Investments Holdings LLC increased its position in Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 4,021 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $207,000. Lombard Odier Asset Management USA Corp increased its position in Dave & Buster’s Entertainment by 21.4% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 1,217 shares in the last quarter. Finally, First Hawaiian Bank acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $315,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PLAY shares. Truist Financial reduced their target price on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating on the stock. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Loop Capital reduced 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 note on Thursday, September 12th. Finally, BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus target price of $61.57.

Insider Activity

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the acquisition, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. This represents a 21.63 % increase in their ownership of the stock. The acquisition was disclosed in a 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 Stock Up 4.5 %

Dave & Buster’s Entertainment stock opened at $39.32 on Friday. The company’s 50 day simple moving average is $36.14 and its 200 day simple moving average is $37.99. Dave & Buster’s Entertainment Inc has a fifty-two week low of $29.31 and a fifty-two week high of $69.82. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.35 and a beta of 2.13. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. The firm 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% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.59 EPS for the current year.

About Dave & Buster’s Entertainment

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.