Dave & Buster’s Entertainment, Inc. (PLAY) Holdings Trimmed by State of Tennessee Treasury Department

State of Tennessee Treasury Department cut its holdings in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,188 shares of the restaurant operator’s stock after selling 2,096 shares during the period. State of Tennessee Treasury Department owned approximately 0.29% of Dave & Buster’s Entertainment worth $6,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of PLAY. Legato Capital Management LLC raised its stake in shares of Dave & Buster’s Entertainment by 748.6% in the 3rd quarter. Legato Capital Management LLC now owns 39,885 shares of the restaurant operator’s stock valued at $2,093,000 after purchasing an additional 35,185 shares during the period. New York State Teachers Retirement System raised its stake in shares of Dave & Buster’s Entertainment by 8.2% in the 3rd quarter. New York State Teachers Retirement System now owns 17,126 shares of the restaurant operator’s stock valued at $899,000 after purchasing an additional 1,300 shares during the period. Rice Hall James & Associates LLC raised its stake in shares of Dave & Buster’s Entertainment by 157.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 463,477 shares of the restaurant operator’s stock valued at $24,323,000 after purchasing an additional 283,355 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at about $268,000. Finally, First Quadrant L P CA acquired a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at about $644,000.

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) opened at $49.79 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $2,007.37, a PE ratio of 19.85, a P/E/G ratio of 1.24 and a beta of 0.53. Dave & Buster’s Entertainment, Inc. has a 12-month low of $44.55 and a 12-month high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $280.80 million for the quarter, compared to the consensus estimate of $281.69 million. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. Dave & Buster’s Entertainment’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. research analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.66 EPS for the current year.

Dave & Buster’s Entertainment declared that its Board of Directors has authorized a share repurchase program on Friday, September 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the restaurant operator to reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $51.20, for a total transaction of $153,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen M. King sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $49.80, for a total value of $2,241,000.00. Following the transaction, the chief executive officer now directly owns 22,501 shares in the company, valued at approximately $1,120,549.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,000 shares of company stock worth $2,901,075. Company insiders own 3.84% of the company’s stock.

Several research firms have issued reports on PLAY. Zacks Investment Research downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. TheStreet raised Dave & Buster’s Entertainment from a “c” rating to a “b-” rating in a research note on Thursday, November 9th. BidaskClub downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Maxim Group reissued a “buy” rating and issued a $78.00 price target on shares of Dave & Buster’s Entertainment in a research note on Wednesday, September 6th. Finally, Canaccord Genuity dropped their price target on Dave & Buster’s Entertainment from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Dave & Buster’s Entertainment currently has a consensus rating of “Buy” and an average price target of $71.90.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ entrées 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.

Institutional Ownership by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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