61,334 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Acquired by Clearline Capital LP

Clearline Capital LP purchased a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 61,334 shares of the restaurant operator’s stock, valued at approximately $2,088,000. Clearline Capital LP owned approximately 0.16% of Dave & Buster’s Entertainment at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PLAY. Kimelman & Baird LLC bought a new position in Dave & Buster’s Entertainment in the 2nd quarter worth $28,000. Point72 Hong Kong Ltd bought a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $121,000. Allspring Global Investments Holdings LLC boosted its stake in Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 4,021 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $144,000. Finally, Mackenzie Financial Corp bought a new position in Dave & Buster’s Entertainment during the second quarter valued at approximately $207,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $39.32 on Monday. The company has a fifty day simple moving average of $36.14 and a 200-day simple moving average of $37.75. The stock has a market cap of $1.55 billion, a P/E ratio of 14.35 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 12-month low of $29.31 and a 12-month high of $69.82. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The firm had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same period in the prior year, the firm earned $0.94 EPS. The business’s revenue was up 2.8% on a year-over-year basis. Equities analysts expect that Dave & Buster’s Entertainment Inc will post 2.59 EPS for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris acquired 14,912 shares of the company’s stock in a transaction dated 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 purchase, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on PLAY. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 26th. Truist Financial cut their target price on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, November 26th. Benchmark initiated coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. StockNews.com cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, Loop Capital dropped their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.57.

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 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.