Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lessened its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAYFree Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,448,650 shares of the restaurant operator’s stock after selling 43,921 shares during the quarter. Dave & Buster’s Entertainment accounts for about 0.3% of Nomura Holdings Inc.’s investment portfolio, making the stock its 19th largest holding. Nomura Holdings Inc. owned approximately 6.09% of Dave & Buster’s Entertainment worth $131,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Dave & Buster’s Entertainment by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock worth $166,166,000 after purchasing an additional 116,402 shares in the last quarter. Eminence Capital LP increased its position in Dave & Buster’s Entertainment by 331.4% during the 3rd quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock worth $134,766,000 after purchasing an additional 2,792,780 shares in the last quarter. American Century Companies Inc. grew its position in Dave & Buster’s Entertainment by 7.0% in the third quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock valued at $74,971,000 after acquiring an additional 132,460 shares in the last quarter. Wolf Hill Capital Management LP acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $72,730,000. Finally, Sea Cliff Partners Management LP acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $16,155,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday, June 11th. UBS Group lowered their price objective on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. Raymond James reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, March 25th. Finally, Loop Capital reduced their target price on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating for the company in a research note on Friday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.56.

Check Out Our Latest Analysis on Dave & Buster’s Entertainment

Dave & Buster’s Entertainment Stock Performance

PLAY traded down $0.79 during trading hours on Tuesday, hitting $43.68. 45,154 shares of the stock were exchanged, compared to its average volume of 1,239,112. The stock has a 50-day simple moving average of $52.25 and a 200-day simple moving average of $54.66. Dave & Buster’s Entertainment Inc has a 12 month low of $33.07 and a 12 month high of $69.82. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 18.92 and a beta of 2.06. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.32 and a quick ratio of 0.24.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) last announced its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The firm had revenue of $588.10 million for the quarter, compared to the consensus estimate of $615.88 million. During the same quarter last year, the business earned $1.45 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts anticipate that Dave & Buster’s Entertainment Inc will post 3.15 earnings per share for the current year.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP John Mulleady sold 42,824 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the transaction, the director now directly owns 33,546 shares in the company, valued at $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

About Dave & Buster’s Entertainment

(Free Report)

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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.

Further Reading

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

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