Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP lessened its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 44.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,575,236 shares of the restaurant operator’s stock after selling 1,236,440 shares during the period. Dave & Buster’s Entertainment comprises 6.2% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 6th biggest holding. Wolf Hill Capital Management LP owned 3.98% of Dave & Buster’s Entertainment worth $62,710,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in Dave & Buster’s Entertainment by 8.2% during the 2nd quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator’s stock worth $50,411,000 after purchasing an additional 95,499 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Dave & Buster’s Entertainment by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock worth $45,553,000 after buying an additional 25,138 shares in the last quarter. Coronation Fund Managers Ltd. grew its holdings in Dave & Buster’s Entertainment by 2.9% during the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock worth $41,208,000 after buying an additional 29,627 shares in the last quarter. National Bank of Canada FI bought a new position in Dave & Buster’s Entertainment during the 1st quarter valued at $31,300,000. Finally, Hood River Capital Management LLC bought a new position in Dave & Buster’s Entertainment during the 1st quarter valued at $30,229,000. Institutional investors own 91.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PLAY shares. BMO Capital Markets lowered their target price on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Loop Capital cut their target price on 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. UBS Group reduced their target price on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company 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, Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus target price of $62.57.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CFO Darin Harper acquired 13,438 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Wednesday, July 3rd. The stock was acquired at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the purchase, the chief financial officer now owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $32.30 on Friday. Dave & Buster’s Entertainment Inc has a 1 year low of $29.31 and a 1 year high of $69.82. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. The stock’s fifty day moving average price is $33.39 and its two-hundred day moving average price is $45.81. The firm has a market cap of $1.27 billion, a PE ratio of 13.74 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. On average, equities research analysts forecast 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.