Metropolitan Life Insurance Co. NY Acquires 10,274 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Metropolitan Life Insurance Co. NY raised its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 352.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,187 shares of the restaurant operator’s stock after purchasing an additional 10,274 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Dave & Buster’s Entertainment were worth $588,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $84,000. Meeder Asset Management Inc. purchased a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $127,000. Cerebellum GP LLC purchased a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $192,000. Brown Advisory Inc. increased its holdings in Dave & Buster’s Entertainment by 17.1% during the fourth quarter. Brown Advisory Inc. now owns 5,477 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 801 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $290,000.

PLAY has been the subject of several recent analyst reports. SunTrust Banks lowered their target price on shares of Dave & Buster’s Entertainment to $61.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. BidaskClub upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. Maxim Group raised their target price on shares of Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Co lifted their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $66.00 price objective (up from $62.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $65.00.

In other news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $48.37, for a total transaction of $362,775.00. Following the completion of the sale, the senior vice president now owns 17,004 shares of the company’s stock, valued at $822,483.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP J Michael Plunkett sold 4,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $50.36, for a total transaction of $201,440.00. Following the transaction, the senior vice president now owns 4,001 shares in the company, valued at $201,490.36. The disclosure for this sale can be found here. Insiders sold 30,635 shares of company stock valued at $1,612,020 in the last ninety days. 3.40% of the stock is owned by corporate insiders.

Shares of Dave & Buster’s Entertainment stock opened at $58.00 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26. Dave & Buster’s Entertainment Inc has a 1 year low of $37.98 and a 1 year high of $67.05. The firm has a market cap of $2.12 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 26th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. Dave & Buster’s Entertainment’s payout ratio is 20.48%.

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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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