Aristeia Capital L.L.C. Acquires 8,079 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Aristeia Capital L.L.C. increased its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 94.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 16,666 shares of the restaurant operator’s stock after acquiring an additional 8,079 shares during the period. Aristeia Capital L.L.C.’s holdings in Dave & Buster’s Entertainment were worth $663,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Dave & Buster’s Entertainment by 1,931.4% during the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after purchasing an additional 36,793 shares during the last quarter. Boulder Hill Capital Management LP bought a new stake in Dave & Buster’s Entertainment during the 4th quarter valued at about $2,477,000. Quadrature Capital Ltd lifted its holdings in Dave & Buster’s Entertainment by 150.1% during the 1st quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock valued at $2,647,000 after buying an additional 25,376 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at about $1,417,000. Finally, Keeley Teton Advisors LLC bought a new position in Dave & Buster’s Entertainment in the 1st quarter worth about $1,803,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Insider Activity

In other news, CFO Darin Harper purchased 13,438 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were acquired at an average price 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 in the company, valued at $1,380,490.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 2.7 %

NASDAQ:PLAY opened at $33.17 on Tuesday. The firm has a 50 day moving average of $33.27 and a 200 day moving average of $45.36. 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. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.11 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLAY has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of 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. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. 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 research note on Wednesday, June 12th. William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. Finally, Loop Capital dropped 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.57.

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.