Thrivent Financial for Lutherans Sells 1,917 Shares of 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 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,853 shares of the restaurant operator’s stock after selling 1,917 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Dave & Buster’s Entertainment worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of Dave & Buster’s Entertainment by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after purchasing an additional 546 shares during the period. First Hawaiian Bank bought a new position in Dave & Buster’s Entertainment during the 2nd quarter worth $315,000. SG Americas Securities LLC increased its stake in Dave & Buster’s Entertainment by 1,931.4% in the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock valued at $1,541,000 after acquiring an additional 36,793 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Dave & Buster’s Entertainment by 68.4% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,800 shares of the restaurant operator’s stock valued at $510,000 after purchasing an additional 5,200 shares during the last quarter. Finally, Coronation Fund Managers Ltd. increased its stake in shares of Dave & Buster’s Entertainment by 2.9% in the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock valued at $41,208,000 after buying an additional 29,627 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

PLAY opened at $38.16 on Wednesday. Dave & Buster’s Entertainment Inc has a 1-year low of $29.31 and a 1-year 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 firm has a market cap of $1.50 billion, a P/E ratio of 13.93 and a beta of 2.13. The company has a 50 day simple moving average of $36.37 and a two-hundred day simple moving average of $37.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. Equities analysts forecast that Dave & Buster’s Entertainment Inc will post 2.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PLAY shares. Benchmark assumed coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating for the company. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. 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 report on Thursday, September 12th. Truist Financial reduced their target price on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Finally, BMO Capital Markets lowered their target price on shares of Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating for the company in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $61.57.

Insider Activity

In other news, CEO Christopher Daniel Morris purchased 14,912 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were purchased at an average price 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 approximately $2,823,128.49. This represents a 21.63 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Company 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.