Louisiana State Employees Retirement System Cuts Stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Louisiana State Employees Retirement System reduced its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,300 shares of the restaurant operator’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Dave & Buster’s Entertainment were worth $521,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kimelman & Baird LLC purchased a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth approximately $28,000. Headlands Technologies LLC increased its stake in Dave & Buster’s Entertainment by 23.4% during the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock worth $77,000 after buying an additional 233 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after buying an additional 4,021 shares during the period. Mackenzie Financial Corp purchased a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth approximately $207,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Dave & Buster’s Entertainment during the 1st quarter worth approximately $249,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on PLAY shares. Truist Financial dropped their price objective on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating on the stock. Loop Capital dropped their price objective on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus price target of $62.57.

Dave & Buster’s Entertainment Trading Up 0.3 %

Shares of Dave & Buster’s Entertainment stock opened at $38.38 on Wednesday. The company has a fifty day simple moving average of $33.77 and a 200-day simple moving average of $39.74. Dave & Buster’s Entertainment Inc has a 12-month low of $29.31 and a 12-month high of $69.82. 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 stock has a market cap of $1.51 billion, a price-to-earnings ratio of 14.01 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the prior year, the business posted $0.94 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Dave & Buster’s Entertainment Inc will post 2.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

About Dave & Buster’s Entertainment

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.