Cerity Partners LLC Has $790,000 Stock Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Cerity Partners LLC increased its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,204 shares of the restaurant operator’s stock after acquiring an additional 710 shares during the quarter. Cerity Partners LLC owned 0.06% of Dave & Buster’s Entertainment worth $790,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kimelman & Baird LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at $28,000. Allspring Global Investments Holdings LLC lifted its stake in Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after acquiring an additional 4,021 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth about $207,000. Lombard Odier Asset Management USA Corp grew its stake in Dave & Buster’s Entertainment by 21.4% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $315,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares in the company, valued at $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

PLAY opened at $37.17 on Friday. 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 company has a market cap of $1.46 billion, a PE ratio of 13.57 and a beta of 2.13. The stock has a 50-day moving average of $36.56 and a 200-day moving average of $37.54. Dave & Buster’s Entertainment Inc has a 52-week low of $29.31 and a 52-week high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced 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 firm 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 business earned $0.94 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 2.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

PLAY has been the subject of several research reports. StockNews.com cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Truist Financial lowered their price target on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Loop Capital cut their price objective on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 12th. BMO Capital Markets lowered their target price on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 26th. Finally, Benchmark assumed coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average target price of $61.57.

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.