Victory Capital Management Inc. Has $408,000 Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Victory Capital Management Inc. lowered its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 11.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,971 shares of the restaurant operator’s stock after selling 1,514 shares during the period. Victory Capital Management Inc.’s holdings in Dave & Buster’s Entertainment were worth $408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Eminence Capital LP grew its holdings in Dave & Buster’s Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock worth $150,023,000 after acquiring an additional 1,542,154 shares during the period. Rubric Capital Management LP grew its holdings in Dave & Buster’s Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock worth $48,767,000 after acquiring an additional 626,497 shares during the period. Sea Cliff Partners Management LP grew its holdings in Dave & Buster’s Entertainment by 90.8% during the 2nd quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator’s stock worth $20,504,000 after acquiring an additional 245,043 shares during the period. Marshall Wace LLP grew its holdings in Dave & Buster’s Entertainment by 36.2% during the 2nd quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator’s stock worth $25,482,000 after acquiring an additional 170,286 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth $5,191,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 4.5 %

PLAY opened at $39.32 on Friday. The stock has a market capitalization of $1.55 billion, a P/E ratio of 14.35 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 12 month low of $29.31 and a 12 month high of $69.82. The firm’s fifty day simple moving average is $36.14 and its 200 day simple moving average is $37.99. 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 (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million for 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 firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. As a group, research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the business’s stock in a transaction on Monday, October 7th. The shares were purchased at an average cost of $33.67 per share, with a total value of $502,087.04. Following the transaction, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at $2,823,128.49. This represents a 21.63 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. 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. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Loop Capital decreased their price target on shares of 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. Finally, Truist Financial decreased their price target on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.