Selway Asset Management decreased its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,960 shares of the restaurant operator’s stock after selling 2,940 shares during the quarter. Dave & Buster’s Entertainment makes up about 2.0% of Selway Asset Management’s investment portfolio, making the stock its 19th largest position. Selway Asset Management owned approximately 0.13% of Dave & Buster’s Entertainment worth $3,308,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of PLAY. Signition LP acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at about $208,000. GSA Capital Partners LLP bought a new stake in Dave & Buster’s Entertainment during the second quarter worth about $228,000. Everence Capital Management Inc. bought a new stake in Dave & Buster’s Entertainment during the third quarter worth about $228,000. Violich Capital Management Inc. bought a new stake in Dave & Buster’s Entertainment during the second quarter worth about $252,000. Finally, NumerixS Investment Technologies Inc bought a new stake in Dave & Buster’s Entertainment during the second quarter worth about $365,000.
Several analysts have issued reports on the company. ValuEngine lowered Dave & Buster’s Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. BidaskClub lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Piper Jaffray Companies upped their target price on Dave & Buster’s Entertainment from $56.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. Finally, William Blair reaffirmed a “buy” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, August 17th. Fourteen analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $69.82.
Shares of PLAY stock traded up $1.32 during trading hours on Thursday, reaching $59.22. The company’s stock had a trading volume of 333,303 shares, compared to its average volume of 715,629. Dave & Buster’s Entertainment Inc has a fifty-two week low of $37.85 and a fifty-two week high of $67.05. The company has a market cap of $2.25 billion, a PE ratio of 22.78, a P/E/G ratio of 1.42 and a beta of 0.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.17. The company had revenue of $319.20 million during the quarter, compared to analysts’ expectations of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. Dave & Buster’s Entertainment’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. On average, equities analysts predict that Dave & Buster’s Entertainment Inc will post 2.76 EPS for the current fiscal year.
In other news, CMO John P. Gleason sold 9,100 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $61.88, for a total value of $563,108.00. Following the completion of the sale, the chief marketing officer now directly owns 24,358 shares in the company, valued at approximately $1,507,273.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian Jenkins sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $57.35, for a total value of $573,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,600 shares of company stock valued at $9,879,683. 3.40% of the stock is owned by corporate insiders.
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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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