Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Stake Increased by BlackRock Inc.

BlackRock Inc. grew its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 0.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 5,668,522 shares of the restaurant operator’s stock after acquiring an additional 32,730 shares during the quarter. BlackRock Inc. owned about 0.15% of Dave & Buster’s Entertainment worth $282,689,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PLAY. Valeo Financial Advisors LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth $55,000. Quantamental Technologies LLC raised its holdings in shares of Dave & Buster’s Entertainment by 57.5% during the 1st quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock worth $148,000 after buying an additional 1,085 shares in the last quarter. Buffington Mohr McNeal acquired a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth $155,000. Magnus Financial Group LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth $215,000. Finally, Stevens Capital Management LP acquired a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth $241,000.

In related news, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $57.30, for a total transaction of $573,000.00. Following the sale, the chief operating officer now owns 23,960 shares in the company, valued at approximately $1,372,908. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $201,440.00. Following the sale, the senior vice president now 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 ninety days, insiders sold 33,135 shares of company stock valued at $1,822,245. Insiders own 3.70% of the company’s stock.

Shares of PLAY opened at $39.58 on Friday. Dave & Buster’s Entertainment Inc has a 12-month low of $39.31 and a 12-month high of $67.05. The company has a quick ratio of 0.26, a current ratio of 0.28 and a debt-to-equity ratio of 4.17. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 0.89 and a beta of 1.12.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. The firm had revenue of $363.58 million during the quarter, compared to analyst estimates of $371.72 million. During the same period in the previous year, the company earned $1.04 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts forecast that Dave & Buster’s Entertainment Inc will post 3.03 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on PLAY shares. SunTrust Banks lowered their price target on Dave & Buster’s Entertainment to $61.00 and set a “buy” rating for the company in a report on Tuesday, March 5th. BMO Capital Markets reissued an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Maxim Group reissued a “buy” rating and set a $67.00 price target on shares of Dave & Buster’s Entertainment in a report on Tuesday, June 4th. Jefferies Financial Group lowered their price target on Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wells Fargo & Co upped their target price on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $56.70.

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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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