XTX Topco Ltd purchased a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,815 shares of the restaurant operator’s stock, valued at approximately $789,000. XTX Topco Ltd owned 0.05% of Dave & Buster’s Entertainment at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of PLAY. Principal Securities Inc. bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth approximately $38,000. Headlands Technologies LLC boosted its position 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 worth $77,000 after purchasing an additional 233 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Dave & Buster’s Entertainment by 22,338.9% in 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 bought a new position in shares of Dave & Buster’s Entertainment in the first quarter worth approximately $249,000. Finally, First Hawaiian Bank purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter worth $315,000. 91.45% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CFO Darin Harper bought 13,438 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average price of $38.78 per share, with a total value of $521,125.64. Following the completion of the purchase, the chief financial officer now owns 35,598 shares in the company, valued at approximately $1,380,490.44. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Dave & Buster’s Entertainment
Dave & Buster’s Entertainment Price Performance
Dave & Buster’s Entertainment stock opened at $32.30 on Monday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 13.74 and a beta of 2.14. The firm’s fifty day moving average is $33.39 and its 200 day moving average is $45.57. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. 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 – Get Free Report) last announced its earnings results 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 net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.77 EPS 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.
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