Thrivent Financial for Lutherans Has $1.07 Million Stock Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Thrivent Financial for Lutherans decreased its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,770 shares of the restaurant operator’s stock after selling 1,122 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Dave & Buster’s Entertainment worth $1,066,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in Dave & Buster’s Entertainment by 23.4% during the first quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 233 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment during the first quarter valued at $249,000. Allspring Global Investments Holdings LLC boosted its position in Dave & Buster’s Entertainment by 22,338.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 4,021 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in Dave & Buster’s Entertainment during the first quarter valued at $331,000. Finally, US Bancorp DE boosted its position in Dave & Buster’s Entertainment by 901.7% during the first quarter. US Bancorp DE now owns 5,219 shares of the restaurant operator’s stock valued at $327,000 after purchasing an additional 4,698 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analyst Ratings Changes

PLAY has been the subject of a number of analyst reports. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. UBS Group reduced their price target on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. Truist Financial reduced their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Loop Capital dropped their price objective 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. Finally, William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.57.

Dave & Buster’s Entertainment Trading Up 7.0 %

PLAY stock opened at $35.88 on Friday. Dave & Buster’s Entertainment Inc has a 1-year low of $29.31 and a 1-year high of $69.82. The firm has a market cap of $1.42 billion, a P/E ratio of 15.27 and a beta of 2.15. The business’s 50 day moving average is $32.48 and its 200-day moving average is $43.66. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data 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 return on equity of 51.75% and a net margin of 5.10%. The company had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. During the same period in the prior year, the company posted $0.94 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.7 earnings per share 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.