Millennium Management LLC Buys 77,916 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Millennium Management LLC lifted its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 55.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,015 shares of the restaurant operator’s stock after purchasing an additional 77,916 shares during the quarter. Millennium Management LLC owned 0.55% of Dave & Buster’s Entertainment worth $8,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC grew its holdings in shares of 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 worth $77,000 after purchasing an additional 233 shares during 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. Allspring Global Investments Holdings LLC grew its holdings in Dave & Buster’s Entertainment by 22,338.9% during 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 during the last quarter. Central Pacific Bank Trust Division acquired a new position in Dave & Buster’s Entertainment in the 1st quarter valued at approximately $331,000. Finally, US Bancorp DE raised its stake in shares of Dave & Buster’s Entertainment by 901.7% during the first quarter. US Bancorp DE now owns 5,219 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 4,698 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $31.60 on Wednesday. Dave & Buster’s Entertainment Inc has a one year low of $29.31 and a one year high of $69.82. The company has a market cap of $1.25 billion, a PE ratio of 13.45 and a beta of 2.15. The stock has a 50-day moving average of $32.41 and a 200-day moving average of $43.31. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. The firm had revenue of $557.10 million during 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 company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. On average, equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLAY. Truist Financial decreased their price objective on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. William Blair restated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. UBS Group decreased their price target on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, June 12th. Finally, BMO Capital Markets dropped their price objective on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.57.

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.