State of Tennessee Treasury Department Purchases 637 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

State of Tennessee Treasury Department lifted its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 0.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 114,135 shares of the restaurant operator’s stock after buying an additional 637 shares during the quarter. State of Tennessee Treasury Department’s holdings in Dave & Buster’s Entertainment were worth $5,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in shares of Dave & Buster’s Entertainment by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock valued at $750,000 after buying an additional 272 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Dave & Buster’s Entertainment by 14.1% in the 1st quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock valued at $129,000 after buying an additional 320 shares in the last quarter. Mason Street Advisors LLC grew its stake in shares of Dave & Buster’s Entertainment by 2.9% in the 1st quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock valued at $619,000 after buying an additional 352 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of Dave & Buster’s Entertainment by 4.8% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock valued at $484,000 after buying an additional 441 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Dave & Buster’s Entertainment by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 27,320 shares of the restaurant operator’s stock worth $1,217,000 after purchasing an additional 600 shares during the period.

In other news, Director Stephen M. King sold 10,935 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $54.69, for a total value of $598,035.15. Following the completion of the sale, the director now directly owns 43,186 shares of the company’s stock, valued at $2,361,842.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP J Michael Plunkett sold 4,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $50.36, for a total value of $201,440.00. Following the completion of the sale, the senior vice president now directly owns 4,001 shares of the company’s stock, valued at $201,490.36. The disclosure for this sale can be found here. Insiders sold 40,635 shares of company stock valued at $2,185,020 over the last three months. 3.70% of the stock is owned by company insiders.

Dave & Buster’s Entertainment stock traded down $11.03 during trading hours on Wednesday, reaching $40.50. 10,957,972 shares of the company were exchanged, compared to its average volume of 886,758. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.82, a PEG ratio of 1.08 and a beta of 1.12. The company has a quick ratio of 0.26, a current ratio of 0.37 and a debt-to-equity ratio of 0.98. Dave & Buster’s Entertainment Inc has a 12 month low of $42.78 and a 12 month high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. The business had revenue of $363.58 million during the quarter, compared to the consensus estimate of $371.72 million. During the same period in the prior year, the company posted $1.04 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 3.06 earnings per share for the current year.

A number of brokerages have issued reports on PLAY. BidaskClub cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday. Maxim Group reaffirmed a “buy” rating and set a $67.00 target price on shares of Dave & Buster’s Entertainment in a research report on Tuesday, June 4th. Loop Capital decreased their target price on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating for the company in a research report on Wednesday. They noted that the move was a valuation call. Gordon Haskett cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $41.70 target price for the company. in a research report on Wednesday. Finally, Raymond James upped their target price on Dave & Buster’s Entertainment from $50.00 to $60.00 and gave the stock a “positive” rating in a research report on Wednesday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $57.88.

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

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