Dave & Buster’s Entertainment Inc (PLAY) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 35.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,262 shares of the restaurant operator’s stock after selling 121,941 shares during the quarter. Bank of America Corp DE owned about 0.57% of Dave & Buster’s Entertainment worth $10,722,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of Dave & Buster’s Entertainment by 9.7% in the second quarter. Bank of Montreal Can now owns 14,493 shares of the restaurant operator’s stock valued at $690,000 after buying an additional 1,283 shares during the period. Aurora Investment Counsel lifted its holdings in shares of Dave & Buster’s Entertainment by 4.1% in the second quarter. Aurora Investment Counsel now owns 33,159 shares of the restaurant operator’s stock valued at $1,578,000 after buying an additional 1,291 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 9.1% in the first quarter. OppenheimerFunds Inc. now owns 15,449 shares of the restaurant operator’s stock valued at $645,000 after buying an additional 1,292 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 11.4% in the second quarter. Janney Montgomery Scott LLC now owns 15,567 shares of the restaurant operator’s stock valued at $741,000 after buying an additional 1,593 shares during the period. Finally, Profund Advisors LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 28.4% in the first quarter. Profund Advisors LLC now owns 8,048 shares of the restaurant operator’s stock valued at $336,000 after buying an additional 1,782 shares during the period.

A number of equities research analysts have recently issued reports on PLAY shares. Canaccord Genuity boosted their target price on Dave & Buster’s Entertainment from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, September 17th. They noted that the move was a valuation call. BidaskClub lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, June 30th. William Blair reaffirmed a “buy” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, August 17th. ValuEngine raised Dave & Buster’s Entertainment from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Dave & Buster’s Entertainment has a consensus rating of “Buy” and a consensus price target of $69.78.

In related news, CMO John P. Gleason sold 9,100 shares of the company’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $61.88, for a total transaction of $563,108.00. Following the transaction, the chief marketing officer now directly owns 24,358 shares of the company’s stock, valued at $1,507,273.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $65.63, for a total value of $656,300.00. Following the transaction, the chief operating officer now directly owns 18,563 shares in the company, valued at $1,218,289.69. The disclosure for this sale can be found here. Insiders have sold 163,600 shares of company stock worth $10,107,165 over the last three months. 3.40% of the stock is owned by insiders.

Shares of Dave & Buster’s Entertainment stock opened at $60.93 on Tuesday. The firm has a market cap of $2.57 billion, a PE ratio of 23.43, a P/E/G ratio of 1.63 and a beta of 0.48. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. Dave & Buster’s Entertainment Inc has a 12-month low of $37.85 and a 12-month high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Friday, September 14th. The restaurant operator reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. The company had revenue of $319.20 million for the quarter, compared to analyst estimates of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. Dave & Buster’s Entertainment’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. Equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.75 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 24th. Dave & Buster’s Entertainment’s payout ratio is 23.08%.

Dave & Buster’s Entertainment Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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.

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

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