Pitcairn Co. Acquires Shares of 3,039 Dave & Buster’s Entertainment Inc (PLAY)

Pitcairn Co. acquired a new position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 3,039 shares of the restaurant operator’s stock, valued at approximately $201,000.

A number of other hedge funds also recently modified their holdings of the business. Victory Capital Management Inc. raised its position in shares of Dave & Buster’s Entertainment by 10,688.8% in the third quarter. Victory Capital Management Inc. now owns 693,830 shares of the restaurant operator’s stock valued at $45,945,000 after buying an additional 687,399 shares in the last quarter. Millennium Management LLC bought a new position in Dave & Buster’s Entertainment in the second quarter valued at approximately $24,305,000. Sapience Investments LLC bought a new position in Dave & Buster’s Entertainment in the second quarter valued at approximately $14,872,000. Van Berkom & Associates Inc. increased its stake in Dave & Buster’s Entertainment by 35.0% in the second quarter. Van Berkom & Associates Inc. now owns 1,071,486 shares of the restaurant operator’s stock valued at $51,003,000 after acquiring an additional 277,922 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in Dave & Buster’s Entertainment by 104.0% in the second quarter. Kornitzer Capital Management Inc. KS now owns 204,010 shares of the restaurant operator’s stock valued at $9,711,000 after acquiring an additional 104,005 shares during the last quarter.

Shares of Dave & Buster’s Entertainment stock opened at $60.78 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. Dave & Buster’s Entertainment Inc has a twelve month low of $37.85 and a twelve month high of $67.05. The firm has a market capitalization of $2.34 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 1.47 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.17. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The company had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $311.85 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Dave & Buster’s Entertainment’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, sell-side analysts predict that Dave & Buster’s Entertainment Inc will post 2.76 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 24th. Dave & Buster’s Entertainment’s dividend payout ratio is 23.08%.

In related news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $61.89, for a total value of $464,175.00. Following the sale, the senior vice president now owns 17,004 shares of the company’s stock, valued at $1,052,377.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP J Michael Plunkett sold 2,000 shares of the business’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $59.80, for a total transaction of $119,600.00. Following the completion of the sale, the senior vice president now directly owns 3,671 shares in the company, valued at approximately $219,525.80. The disclosure for this sale can be found here. In the last three months, insiders sold 158,600 shares of company stock worth $9,879,683. 3.40% of the stock is currently owned by insiders.

PLAY has been the topic of a number of research reports. Canaccord Genuity boosted their target price on shares of Dave & Buster’s Entertainment from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. They noted that the move was a valuation call. William Blair reaffirmed a “buy” rating on shares of Dave & Buster’s Entertainment in a research note on Friday, August 17th. ValuEngine raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 1st. Piper Jaffray Companies boosted their target price on shares of Dave & Buster’s Entertainment from $56.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, August 17th. Finally, BidaskClub raised shares of Dave & Buster’s Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 22nd. Fourteen research analysts have rated the stock with a buy rating, Dave & Buster’s Entertainment currently has an average rating of “Buy” and an average price target of $69.82.

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Dave & Buster’s Entertainment 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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Want to see what other hedge funds are holding PLAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dave & Buster’s Entertainment Inc (NASDAQ:PLAY).

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

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