Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Position Boosted by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC increased its position in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 17.1% during the first quarter, Holdings Channel reports. The firm owned 132,400 shares of the restaurant operator’s stock after buying an additional 19,331 shares during the period. TIAA CREF Investment Management LLC owned 0.32% of Dave & Buster’s Entertainment worth $8,088,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Bank of Montreal Can boosted its stake in shares of Dave & Buster’s Entertainment by 224.9% in the first quarter. Bank of Montreal Can now owns 24,305 shares of the restaurant operator’s stock worth $1,484,000 after buying an additional 16,825 shares during the period. Copper Rock Capital Partners LLC bought a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth approximately $28,901,000. Macquarie Group Ltd. boosted its stake in shares of Dave & Buster’s Entertainment by 21.1% in the fourth quarter. Macquarie Group Ltd. now owns 107,571 shares of the restaurant operator’s stock worth $6,056,000 after buying an additional 18,716 shares during the period. Teachers Advisors LLC boosted its stake in shares of Dave & Buster’s Entertainment by 4.0% in the fourth quarter. Teachers Advisors LLC now owns 297,261 shares of the restaurant operator’s stock worth $16,736,000 after buying an additional 11,373 shares during the period. Finally, Norges Bank bought a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth approximately $9,653,000.

Dave & Buster’s Entertainment, Inc. (PLAY) opened at 64.90 on Monday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 27.47 and a beta of 0.69. The company has a 50 day moving average price of $67.58 and a 200 day moving average price of $60.69. Dave & Buster’s Entertainment, Inc. has a 12 month low of $37.60 and a 12 month high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Thursday, June 8th. The restaurant operator reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.17. The business had revenue of $304.15 million during the quarter, compared to the consensus estimate of $299.77 million. Dave & Buster’s Entertainment had a return on equity of 22.71% and a net margin of 9.78%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Analysts anticipate that Dave & Buster’s Entertainment, Inc. will post $2.61 earnings per share for the current fiscal year.

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A number of brokerages have recently commented on PLAY. Canaccord Genuity upped their price target on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Jefferies Group LLC upped their price target on Dave & Buster’s Entertainment from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, June 9th. BidaskClub raised Dave & Buster’s Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. BMO Capital Markets reaffirmed a “buy” rating and issued a $77.00 price target (up from $64.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, June 7th. Finally, Piper Jaffray Companies upped their price target on Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.78.

In other Dave & Buster’s Entertainment news, SVP Jay L. Tobin sold 19,186 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $71.70, for a total value of $1,375,636.20. Following the completion of the sale, the senior vice president now directly owns 56,071 shares in the company, valued at $4,020,290.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Mulleady sold 2,500 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $60.25, for a total value of $150,625.00. Following the completion of the sale, the senior vice president now owns 5,852 shares of the company’s stock, valued at $352,583. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,186 shares of company stock valued at $10,311,576. 5.60% of the stock is currently owned by corporate insiders.

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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