Russell Investments Group Ltd. Lowers Stake in Dave & Buster’s Entertainment Inc (PLAY)

Russell Investments Group Ltd. decreased its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 14.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,441 shares of the restaurant operator’s stock after selling 13,085 shares during the period. Russell Investments Group Ltd. owned approximately 0.19% of Dave & Buster’s Entertainment worth $4,996,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can raised its position in Dave & Buster’s Entertainment by 9.7% in the second quarter. Bank of Montreal Can now owns 14,493 shares of the restaurant operator’s stock valued at $690,000 after purchasing an additional 1,283 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Dave & Buster’s Entertainment by 11.4% in the second quarter. Janney Montgomery Scott LLC now owns 15,567 shares of the restaurant operator’s stock valued at $741,000 after buying an additional 1,593 shares in the last quarter. TD Asset Management Inc. acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at $2,532,000. New York State Teachers Retirement System grew its stake in shares of Dave & Buster’s Entertainment by 20.4% in the second quarter. New York State Teachers Retirement System now owns 41,293 shares of the restaurant operator’s stock valued at $1,966,000 after buying an additional 7,000 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Dave & Buster’s Entertainment by 15.2% in the second quarter. Wells Fargo & Company MN now owns 158,367 shares of the restaurant operator’s stock valued at $7,539,000 after buying an additional 20,923 shares in the last quarter.

In related news, 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 transaction, the senior vice president now directly owns 3,671 shares of the company’s stock, valued at approximately $219,525.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $65.63, for a total value of $656,300.00. Following the transaction, the chief operating officer now directly owns 18,563 shares of the company’s stock, valued at $1,218,289.69. The disclosure for this sale can be found here. Insiders have sold a total of 148,600 shares of company stock valued at $9,306,183 over the last three months. 3.40% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on PLAY shares. BidaskClub cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. ValuEngine raised Dave & Buster’s Entertainment from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 1st. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Piper Jaffray Companies lifted their price objective on Dave & Buster’s Entertainment from $56.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, August 17th. Finally, William Blair reaffirmed a “buy” rating on shares of Dave & Buster’s Entertainment in a research note on Friday, August 17th. Fourteen analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $69.82.

Shares of NASDAQ PLAY opened at $59.61 on Friday. Dave & Buster’s Entertainment Inc has a twelve month low of $37.85 and a twelve month high of $67.05. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.31 billion, a PE ratio of 21.44, a PEG ratio of 1.46 and a beta of 0.65.

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