Dave & Buster’s Entertainment Inc (PLAY) Shares Bought by Comerica Bank

Comerica Bank boosted its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.5% in the first quarter, Holdings Channel reports. The fund owned 47,837 shares of the restaurant operator’s stock after acquiring an additional 2,924 shares during the period. Comerica Bank’s holdings in Dave & Buster’s Entertainment were worth $2,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC bought a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth about $55,000. Quantamental Technologies LLC bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth about $84,000. Meeder Asset Management Inc. bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth about $127,000. Buffington Mohr McNeal bought a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth about $155,000. Finally, Brown Advisory Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 17.1% during the 4th quarter. Brown Advisory Inc. now owns 5,477 shares of the restaurant operator’s stock worth $243,000 after purchasing an additional 801 shares during the period.

PLAY has been the topic of several research reports. SunTrust Banks dropped their price objective on shares of 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 set a $66.00 price objective (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Wells Fargo & Co boosted 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 report on Wednesday, April 3rd. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Monday, February 11th. Finally, BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.00.

In related news, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total value of $573,000.00. Following the sale, the chief operating officer now owns 23,960 shares of the company’s stock, valued at $1,372,908. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP J Michael Plunkett sold 4,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $50.36, for a total transaction of $201,440.00. Following the completion of the sale, the senior vice president now directly owns 4,001 shares in the company, valued at approximately $201,490.36. The disclosure for this sale can be found here. In the last three months, insiders sold 40,635 shares of company stock worth $2,185,020. 3.70% of the stock is currently owned by insiders.

NASDAQ PLAY opened at $53.81 on Friday. The stock has a market capitalization of $2.00 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.20 and a beta of 1.04. Dave & Buster’s Entertainment Inc has a twelve month low of $40.03 and a twelve month high of $67.05. The company has a current ratio of 0.37, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98.

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

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About Dave & Buster’s Entertainment

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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