Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 1,081.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,316 shares of the restaurant operator’s stock after acquiring an additional 40,564 shares during the quarter. Hsbc Holdings PLC’s holdings in Dave & Buster’s Entertainment were worth $1,727,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLAY. Norges Bank acquired a new position in shares of Dave & Buster’s Entertainment during the 4th quarter valued at $7,180,000. Boulder Hill Capital Management LP bought a new stake in Dave & Buster’s Entertainment in the fourth quarter worth about $2,477,000. Quadrature Capital Ltd acquired a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at about $910,000. Sea Cliff Partners Management LP bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $16,155,000. Finally, Wolf Hill Capital Management LP acquired a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $72,730,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Up 3.3 %

NASDAQ:PLAY opened at $33.06 on Friday. The business’s fifty day moving average price is $32.97 and its 200 day moving average price is $45.05. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 14.07 and a beta of 2.14. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment Inc has a 1-year low of $29.31 and a 1-year high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. The company had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. On average, sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CFO Darin Harper purchased 13,438 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the acquisition, the chief financial officer now directly owns 35,598 shares in the company, valued at approximately $1,380,490.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. William Blair reissued an “outperform” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. BMO Capital Markets cut their price objective on 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. UBS Group decreased their target price on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Truist Financial reduced their target price on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Finally, StockNews.com lowered 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, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.57.

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.