Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Purchased by Rubric Capital Management LP

Rubric Capital Management LP lifted its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 104.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,225,000 shares of the restaurant operator’s stock after purchasing an additional 626,497 shares during the quarter. Rubric Capital Management LP owned approximately 3.10% of Dave & Buster’s Entertainment worth $48,767,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wolf Hill Capital Management LP acquired a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $72,730,000. American Century Companies Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 8.2% in the 2nd quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator’s stock valued at $50,411,000 after buying an additional 95,499 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Dave & Buster’s Entertainment by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock valued at $45,553,000 after buying an additional 25,138 shares during the period. Coronation Fund Managers Ltd. increased its stake in Dave & Buster’s Entertainment by 2.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock valued at $41,208,000 after purchasing an additional 29,627 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in Dave & Buster’s Entertainment in the 1st quarter valued at approximately $31,300,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PLAY. Loop Capital cut their price objective on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. William Blair restated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. Truist Financial decreased their target price on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Finally, StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.57.

Insiders Place Their Bets

In other news, CFO Darin Harper acquired 13,438 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Wednesday, July 3rd. The shares were acquired at an average price of $38.78 per share, with a total value of $521,125.64. Following the purchase, the chief financial officer now directly owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Dave & Buster’s Entertainment stock opened at $32.30 on Friday. The firm’s 50 day simple moving average is $33.39 and its 200-day simple moving average is $45.81. Dave & Buster’s Entertainment Inc has a fifty-two week low of $29.31 and a fifty-two week high of $69.82. The company has a market cap of $1.27 billion, a P/E ratio of 13.74 and a beta of 2.14. 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 issued its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. Dave & Buster’s Entertainment’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.77 EPS for the current year.

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 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.