LMR Partners LLP Takes $3.17 Million Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

LMR Partners LLP acquired a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 93,000 shares of the restaurant operator’s stock, valued at approximately $3,167,000. LMR Partners LLP owned 0.24% of Dave & Buster’s Entertainment at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kimelman & Baird LLC bought a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC lifted its position in Dave & Buster’s Entertainment by 22,338.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 4,021 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Dave & Buster’s Entertainment during the second quarter valued at approximately $207,000. O Shaughnessy Asset Management LLC bought a new stake in Dave & Buster’s Entertainment during the first quarter valued at approximately $249,000. Finally, Lombard Odier Asset Management USA Corp lifted its position in Dave & Buster’s Entertainment by 21.4% during the second quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after purchasing an additional 1,217 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the acquisition, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. This represents a 21.63 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

PLAY has been the subject of several research analyst reports. BMO Capital Markets dropped their target price on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Loop Capital dropped their target price on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.57.

Dave & Buster’s Entertainment Stock Down 4.2 %

Shares of Dave & Buster’s Entertainment stock opened at $36.40 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54. The company’s fifty day simple moving average is $35.37 and its two-hundred day simple moving average is $38.87. The company has a market cap of $1.43 billion, a P/E ratio of 13.28 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 12-month low of $29.31 and a 12-month high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. During the same period in the previous year, the firm earned $0.94 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.62 EPS for the current year.

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 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.