Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by Versor Investments LP

Versor Investments LP decreased its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 45.0% during the third quarter, Holdings Channel reports. The institutional investor owned 10,309 shares of the restaurant operator’s stock after selling 8,445 shares during the quarter. Versor Investments LP’s holdings in Dave & Buster’s Entertainment were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLAY. Russell Investments Group Ltd. boosted its holdings in Dave & Buster’s Entertainment by 23.8% during the first quarter. Russell Investments Group Ltd. now owns 63,848 shares of the restaurant operator’s stock worth $3,997,000 after buying an additional 12,261 shares in the last quarter. US Bancorp DE boosted its stake in shares of Dave & Buster’s Entertainment by 901.7% during the 1st quarter. US Bancorp DE now owns 5,219 shares of the restaurant operator’s stock worth $327,000 after acquiring an additional 4,698 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at about $327,000. State Board of Administration of Florida Retirement System increased its stake in shares of Dave & Buster’s Entertainment by 24.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,220 shares of the restaurant operator’s stock valued at $953,000 after purchasing an additional 2,970 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Dave & Buster’s Entertainment in the 1st quarter worth about $1,417,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on PLAY shares. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Truist Financial cut their price target on shares of 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. Loop Capital decreased their price objective on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. BMO Capital Markets dropped their target price on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Finally, Benchmark initiated coverage on shares of Dave & Buster’s Entertainment in a research report 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’s stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $62.57.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $38.01 on Friday. The company has a market cap of $1.49 billion, a P/E ratio of 13.87 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a twelve month low of $29.31 and a twelve month high of $69.82. The company’s 50-day moving average price is $35.10 and its 200-day moving average price is $39.29. 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 released its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. On average, sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christopher Daniel Morris bought 14,912 shares of Dave & Buster’s Entertainment stock in a transaction on Monday, October 7th. The shares were bought at an average cost of $33.67 per share, with a total value of $502,087.04. Following the completion of the purchase, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

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.