XTX Topco Ltd Makes New Investment in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

XTX Topco Ltd purchased a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,815 shares of the restaurant operator’s stock, valued at approximately $789,000. XTX Topco Ltd owned 0.05% of Dave & Buster’s Entertainment at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PLAY. Principal Securities Inc. bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth approximately $38,000. Headlands Technologies LLC boosted its position in shares of Dave & Buster’s Entertainment by 23.4% in the first quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock worth $77,000 after purchasing an additional 233 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 4,021 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Dave & Buster’s Entertainment in the first quarter worth approximately $249,000. Finally, First Hawaiian Bank purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter worth $315,000. 91.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Darin Harper bought 13,438 shares of Dave & Buster’s Entertainment stock in a transaction dated 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 completion of the purchase, the chief financial officer now owns 35,598 shares in the company, valued at approximately $1,380,490.44. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PLAY shares. UBS Group lowered their target price on shares of 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 reissued an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Truist Financial lowered 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 report on Thursday, August 22nd. Loop Capital lowered their target price on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, 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 on the stock in a report on Wednesday, September 11th. One equities 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 company. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Hold” and an average price target of $62.57.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $32.30 on Monday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 13.74 and a beta of 2.14. The firm’s fifty day moving average is $33.39 and its 200 day moving average is $45.57. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment Inc has a 52-week low of $29.31 and a 52-week high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.77 EPS for the current fiscal year.

About Dave & Buster’s Entertainment

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.