Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 30.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,460 shares of the restaurant operator’s stock after selling 10,264 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of Dave & Buster’s Entertainment worth $1,046,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Quantamental Technologies LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $84,000. Meeder Asset Management Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $127,000. Greenwood Capital Associates LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $227,000. Hartford Investment Management Co. bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $237,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $246,000.

In other news, Director Stephen M. King sold 15,000 shares of Dave & Buster’s Entertainment stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $53.17, for a total transaction of $797,550.00. Following the transaction, the director now owns 40,191 shares in the company, valued at $2,136,955.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Margo Lynn Manning sold 5,000 shares of Dave & Buster’s Entertainment stock in a transaction on Tuesday, January 15th. The shares were sold at an average price of $52.88, for a total value of $264,400.00. Following the transaction, the chief operating officer now owns 13,563 shares in the company, valued at approximately $717,211.44. The disclosure for this sale can be found here. Insiders have sold 50,635 shares of company stock worth $2,673,970 in the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Shares of NASDAQ PLAY traded down $1.81 during mid-day trading on Monday, reaching $48.94. The company had a trading volume of 1,181,637 shares, compared to its average volume of 875,988. Dave & Buster’s Entertainment Inc has a 1-year low of $37.98 and a 1-year high of $67.05. The company has a quick ratio of 0.26, a current ratio of 0.37 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.14 and a beta of 1.00.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.12. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The business had revenue of $331.80 million for the quarter, compared to the consensus estimate of $324.90 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. Dave & Buster’s Entertainment’s revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, analysts anticipate that Dave & Buster’s Entertainment Inc will post 3.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 26th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. Dave & Buster’s Entertainment’s dividend payout ratio is 20.48%.

PLAY has been the topic of a number of recent research reports. BidaskClub upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Zacks Investment Research cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Monday, February 4th. SunTrust Banks decreased their target price on Dave & Buster’s Entertainment to $61.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. BMO Capital Markets restated an “outperform” rating and issued a $66.00 target price (up from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Finally, Maxim Group lifted their target price on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $65.00.

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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 entrées 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.

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Institutional Ownership by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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