Selway Asset Management Cuts Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Selway Asset Management decreased its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,435 shares of the restaurant operator’s stock after selling 525 shares during the period. Dave & Buster’s Entertainment comprises 1.4% of Selway Asset Management’s investment portfolio, making the stock its 27th biggest position. Selway Asset Management’s holdings in Dave & Buster’s Entertainment were worth $2,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLAY. Valeo Financial Advisors LLC purchased a new position in Dave & Buster’s Entertainment in the first quarter valued at $55,000. Quantamental Technologies LLC increased its holdings in Dave & Buster’s Entertainment by 57.5% in the first quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock valued at $148,000 after buying an additional 1,085 shares in the last quarter. Buffington Mohr McNeal purchased a new position in Dave & Buster’s Entertainment in the first quarter valued at $155,000. Magnus Financial Group LLC purchased a new position in Dave & Buster’s Entertainment in the first quarter valued at $215,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Dave & Buster’s Entertainment in the first quarter valued at $217,000.

PLAY traded down $0.08 on Friday, reaching $39.25. 514,051 shares of the company’s stock were exchanged, compared to its average volume of 903,796. The firm has a market capitalization of $1.43 billion, a PE ratio of 13.02, a PEG ratio of 0.90 and a beta of 0.88. Dave & Buster’s Entertainment Inc has a twelve month low of $37.50 and a twelve month high of $67.05. The business has a fifty day moving average price of $40.14. The company has a current ratio of 0.28, a quick ratio of 0.17 and a debt-to-equity ratio of 4.17.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The business had revenue of $363.58 million for the quarter, compared to analyst estimates of $371.72 million. Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. The business’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Analysts expect that Dave & Buster’s Entertainment Inc will post 2.96 EPS for the current year.

PLAY has been the subject of a number of recent analyst reports. SunTrust Banks cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and cut their price objective for the company from $64.00 to $47.00 in a report on Wednesday, June 12th. Gordon Haskett cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $41.70 price objective for the company. in a report on Wednesday, June 12th. Deutsche Bank initiated coverage on shares of Dave & Buster’s Entertainment in a research report on Friday, June 28th. They issued a “hold” rating and a $42.00 target price on the stock. BMO Capital Markets dropped their target price on shares of Dave & Buster’s Entertainment to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. Finally, Piper Jaffray Companies dropped their target price on shares of Dave & Buster’s Entertainment from $64.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $54.14.

In other news, Director Michael J. Griffith bought 5,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were bought at an average cost of $39.32 per share, for a total transaction of $196,600.00. Following the acquisition, the director now directly owns 16,327 shares of the company’s stock, valued at approximately $641,977.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $39.94, for a total transaction of $299,550.00. Following the completion of the transaction, the senior vice president now owns 21,319 shares in the company, valued at $851,480.86. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

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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