First Eagle Investment Management LLC Acquires New Shares in Dave & Buster’s Entertainment, Inc. $PLAY

First Eagle Investment Management LLC bought a new stake in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 101,000 shares of the restaurant operator’s stock, valued at approximately $1,834,000.

Several other institutional investors have also recently made changes to their positions in PLAY. Raymond James Financial Inc. grew its position in shares of Dave & Buster’s Entertainment by 0.5% in the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock valued at $3,665,000 after purchasing an additional 637 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in Dave & Buster’s Entertainment by 9.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,220 shares of the restaurant operator’s stock worth $759,000 after purchasing an additional 2,078 shares during the period. Cerity Partners LLC grew its holdings in Dave & Buster’s Entertainment by 13.2% during the 2nd quarter. Cerity Partners LLC now owns 22,654 shares of the restaurant operator’s stock valued at $681,000 after buying an additional 2,644 shares in the last quarter. Rhumbline Advisers grew its holdings in Dave & Buster’s Entertainment by 3.7% during the 3rd quarter. Rhumbline Advisers now owns 87,291 shares of the restaurant operator’s stock valued at $1,585,000 after buying an additional 3,150 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Dave & Buster’s Entertainment by 292.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 3,772 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PLAY shares. Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, January 16th. UBS Group cut their price target on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Zacks Research raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Finally, Loop Capital set a $20.00 target price on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.83.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $15.44 on Thursday. Dave & Buster’s Entertainment, Inc. has a 52-week low of $13.04 and a 52-week high of $35.53. The company has a fifty day moving average of $17.36 and a 200-day moving average of $18.31. The company has a market capitalization of $535.46 million, a P/E ratio of -385.90 and a beta of 1.79. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32.

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

Dave & Buster’s Entertainment Company 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.