24,648 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. bought a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 2nd quarter, HoldingsChannel reports. The firm bought 24,648 shares of the restaurant operator’s stock, valued at approximately $981,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Eminence Capital LP boosted its position in shares of Dave & Buster’s Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares during the last quarter. Wolf Hill Capital Management LP bought a new position in Dave & Buster’s Entertainment during the 4th quarter valued at about $72,730,000. Coronation Fund Managers Ltd. boosted its holdings in shares of Dave & Buster’s Entertainment by 273.6% during the 1st quarter. Coronation Fund Managers Ltd. now owns 1,005,479 shares of the restaurant operator’s stock valued at $62,943,000 after acquiring an additional 736,345 shares during the last quarter. Rubric Capital Management LP grew its stake in shares of Dave & Buster’s Entertainment by 104.7% in the second quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock worth $48,767,000 after acquiring an additional 626,497 shares during the period. Finally, National Bank of Canada FI purchased a new position in shares of Dave & Buster’s Entertainment during the first quarter valued at approximately $31,300,000. Institutional investors own 91.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLAY shares. 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 on the stock in a report on Wednesday, September 11th. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. Truist Financial dropped their target price on 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. Finally, Loop Capital reduced their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.57.

Dave & Buster’s Entertainment Stock Up 1.7 %

NASDAQ PLAY opened at $33.61 on Friday. Dave & Buster’s Entertainment Inc has a 52 week low of $29.31 and a 52 week high of $69.82. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. The company has a market capitalization of $1.32 billion, a P/E ratio of 14.30 and a beta of 2.14. The stock’s 50-day moving average price is $32.74 and its 200-day moving average price is $44.66.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. The company had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS. On average, equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.77 earnings per share for the current year.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CFO Darin Harper purchased 13,438 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were acquired at an average cost of $38.78 per share, with a total value of $521,125.64. Following the completion of the acquisition, the chief financial officer now directly owns 35,598 shares in the company, valued at $1,380,490.44. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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.