GAMMA Investing LLC Has $46,000 Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

GAMMA Investing LLC lowered its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 25.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 741 shares of the restaurant operator’s stock after selling 247 shares during the quarter. GAMMA Investing LLC’s holdings in Dave & Buster’s Entertainment were worth $46,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UBS Group AG increased its position in shares of Dave & Buster’s Entertainment by 14,863.6% in the 3rd quarter. UBS Group AG now owns 129,435 shares of the restaurant operator’s stock valued at $4,798,000 after buying an additional 128,570 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth about $101,000. FMR LLC raised its position in shares of Dave & Buster’s Entertainment by 14.8% during the third quarter. FMR LLC now owns 228,616 shares of the restaurant operator’s stock worth $8,475,000 after purchasing an additional 29,448 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $593,000. Finally, Algert Global LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $328,000. Institutional investors own 91.45% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael J. Griffith sold 5,203 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the transaction, the director now owns 33,546 shares of the company’s stock, valued at approximately $2,199,611.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the sale, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

PLAY opened at $40.80 on Tuesday. The business’s 50-day simple moving average is $50.49 and its 200 day simple moving average is $54.59. Dave & Buster’s Entertainment Inc has a 52-week low of $33.07 and a 52-week high of $69.82. 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 firm has a market capitalization of $1.61 billion, a PE ratio of 17.36 and a beta of 2.06.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The company had revenue of $588.10 million for the quarter, compared to analyst estimates of $615.88 million. During the same period last year, the firm earned $1.45 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dave & Buster’s Entertainment Inc will post 3.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLAY has been the topic of a number of research reports. Truist Financial cut their price target on shares of 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. Piper Sandler reiterated a “neutral” rating and set a $71.00 target price (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. UBS Group cut their price target 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 reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Finally, Loop Capital cut their target price 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 given a buy rating to the stock. According to MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Moderate Buy” and an average target price of $64.56.

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.