Dave & Buster’s Entertainment, Inc. $PLAY Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lifted its holdings in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 68.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,576 shares of the restaurant operator’s stock after buying an additional 44,491 shares during the period. Texas Permanent School Fund Corp’s holdings in Dave & Buster’s Entertainment were worth $3,296,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PLAY. Farther Finance Advisors LLC purchased a new position in Dave & Buster’s Entertainment in the second quarter worth $37,000. Tower Research Capital LLC TRC grew its stake in shares of Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after purchasing an additional 3,772 shares during the period. Boyar Asset Management Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth $205,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $214,000. Finally, Yousif Capital Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at about $225,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLAY has been the topic of several recent analyst reports. UBS Group restated a “neutral” rating and set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research report on Friday, December 5th. Piper Sandler decreased their price target on Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Benchmark reiterated a “hold” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and a consensus price target of $23.80.

Dave & Buster’s Entertainment Stock Down 5.7%

PLAY stock opened at $17.01 on Friday. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22. The company’s 50 day simple moving average is $16.65 and its 200-day simple moving average is $22.90. Dave & Buster’s Entertainment, Inc. has a 12 month low of $13.04 and a 12 month high of $35.53. The firm has a market capitalization of $589.91 million, a PE ratio of -425.14 and a beta of 1.77.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). The company had revenue of $448.20 million during the quarter, compared to analysts’ expectations of $460.66 million. Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. Dave & Buster’s Entertainment’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.45) EPS. Equities analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.