Quest Partners LLC Sells 5,155 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Quest Partners LLC lessened its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 45.0% during the third quarter, HoldingsChannel reports. The firm owned 6,296 shares of the restaurant operator’s stock after selling 5,155 shares during the period. Quest Partners LLC’s holdings in Dave & Buster’s Entertainment were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its holdings in shares of Dave & Buster’s Entertainment by 1.9% in the 2nd 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. GDS Wealth Management grew its stake in Dave & Buster’s Entertainment by 3.3% in the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock valued at $518,000 after buying an additional 488 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Dave & Buster’s Entertainment by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after buying an additional 546 shares in the last quarter. Kimelman & Baird LLC purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at approximately $28,000. Finally, Lombard Odier Asset Management USA Corp grew its stake in Dave & Buster’s Entertainment by 21.4% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after buying an additional 1,217 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLAY shares. Truist Financial reduced their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday. BMO Capital Markets reduced their price target on shares of Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating for the company in a research report on Tuesday. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. 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. Finally, Loop Capital reduced 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 research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.57.

Dave & Buster’s Entertainment Stock Up 4.3 %

Shares of NASDAQ:PLAY opened at $37.62 on Thursday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The firm has a market capitalization of $1.48 billion, a PE ratio of 13.73 and a beta of 2.13. The firm has a fifty day moving average of $35.91 and a 200 day moving average of $38.10. 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) last posted its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate 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 for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. As a group, research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.62 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 stock in a transaction on Monday, October 7th. The stock was acquired 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

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.