Mackenzie Financial Corp Buys New Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Mackenzie Financial Corp acquired a new position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,196 shares of the restaurant operator’s stock, valued at approximately $207,000.

Several other hedge funds have also recently bought and sold shares of the stock. Headlands Technologies LLC increased its stake 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 valued at $77,000 after buying an additional 233 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of 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 worth $161,000 after purchasing an additional 4,021 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth about $249,000. Lombard Odier Asset Management USA Corp raised its position in shares of Dave & Buster’s Entertainment by 21.4% during the second quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock worth $275,000 after purchasing an additional 1,217 shares during the period. Finally, First Hawaiian Bank acquired a new stake in shares of Dave & Buster’s Entertainment during the second quarter worth about $315,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PLAY. Loop Capital dropped 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 report on Thursday, September 12th. William Blair restated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. Benchmark started coverage on Dave & Buster’s Entertainment in a research note on Monday. They issued a “hold” rating for the company. BMO Capital Markets cut their target price 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. Finally, UBS Group cut their target price 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.57.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $33.02 on Tuesday. 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 fifty day moving average of $32.48 and a 200-day moving average of $43.52. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The stock has a market capitalization of $1.30 billion, a P/E ratio of 14.05 and a beta of 2.15.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Dave & Buster’s Entertainment Inc will post 2.7 earnings per share for the current fiscal 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.