Principal Financial Group Inc. Lowers Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Principal Financial Group Inc. lessened its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,993 shares of the restaurant operator’s stock after selling 10,362 shares during the quarter. Principal Financial Group Inc. owned approximately 0.38% of Dave & Buster’s Entertainment worth $5,107,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in Dave & Buster’s Entertainment by 23.8% during the first quarter. Russell Investments Group Ltd. now owns 63,848 shares of the restaurant operator’s stock worth $3,997,000 after purchasing an additional 12,261 shares during the period. US Bancorp DE increased its stake in Dave & Buster’s Entertainment by 901.7% during the 1st quarter. US Bancorp DE now owns 5,219 shares of the restaurant operator’s stock worth $327,000 after buying an additional 4,698 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Dave & Buster’s Entertainment by 24.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,220 shares of the restaurant operator’s stock worth $953,000 after buying an additional 2,970 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment during the 1st quarter worth approximately $249,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Dave & Buster’s Entertainment by 16.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,193 shares of the restaurant operator’s stock valued at $2,016,000 after buying an additional 4,569 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Loop Capital reduced 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. Benchmark initiated coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating for the company. Truist Financial cut 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 research note on Thursday, August 22nd. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.57.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris acquired 14,912 shares of the company’s stock in a transaction on Monday, October 7th. The shares were bought at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the purchase, the chief executive officer now owns 83,847 shares in the company, valued at $2,823,128.49. This trade represents a 21.63 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Dave & Buster’s Entertainment Trading Down 3.0 %

NASDAQ PLAY opened at $34.25 on Thursday. The firm’s fifty day moving average price is $35.54 and its 200 day moving average price is $38.72. Dave & Buster’s Entertainment Inc has a 12 month low of $29.31 and a 12 month 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 company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 12.50 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping 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 business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, sell-side analysts expect that Dave & Buster’s Entertainment Inc will post 2.62 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.