ProShare Advisors LLC Sells 1,608 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

ProShare Advisors LLC cut its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 23.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,180 shares of the restaurant operator’s stock after selling 1,608 shares during the quarter. ProShare Advisors LLC’s holdings in Dave & Buster’s Entertainment were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLAY. Headlands Technologies LLC lifted its position in Dave & Buster’s Entertainment by 23.4% during 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 during the period. Illinois Municipal Retirement Fund lifted its position in Dave & Buster’s Entertainment by 1.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 19,369 shares of the restaurant operator’s stock valued at $1,212,000 after acquiring an additional 248 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in Dave & Buster’s Entertainment by 3.5% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator’s stock worth $560,000 after acquiring an additional 300 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Dave & Buster’s Entertainment by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock worth $645,000 after purchasing an additional 300 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Dave & Buster’s Entertainment by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock worth $1,425,000 after purchasing an additional 546 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Trading Up 7.0 %

Shares of PLAY stock opened at $35.88 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment Inc has a 12-month low of $29.31 and a 12-month high of $69.82. The stock has a market capitalization of $1.42 billion, a P/E ratio of 15.27 and a beta of 2.15. The firm’s 50 day moving average is $32.48 and its 200 day moving average is $43.66.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly 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 for the quarter, compared to the consensus estimate of $560.65 million. During the same period last year, the business posted $0.94 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts expect that Dave & Buster’s Entertainment Inc will post 2.7 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on PLAY shares. UBS Group dropped their price target on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Loop Capital lowered their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Truist Financial dropped their price target 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. Finally, William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.57.

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.