Schwarz Dygos Wheeler Investment Advisors LLC Acquires Shares of 8,640 Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Schwarz Dygos Wheeler Investment Advisors LLC bought a new position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,640 shares of the restaurant operator’s stock, valued at approximately $465,000.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. raised its holdings in Dave & Buster’s Entertainment by 67.3% during the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 292 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Dave & Buster’s Entertainment in the fourth quarter valued at $45,000. GAMMA Investing LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth about $53,000. Headlands Technologies LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth about $54,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at about $101,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the sale, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP John Mulleady sold 42,824 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the transaction, the director now directly owns 33,546 shares in the company, valued at approximately $2,199,611.22. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PLAY shares. TheStreet raised Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd. Jefferies Financial Group boosted their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Truist Financial raised their target price on shares of Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, UBS Group upped their target price on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and an average price target of $69.21.

Dave & Buster’s Entertainment Stock Up 0.6 %

NASDAQ PLAY traded up $0.32 during mid-day trading on Friday, reaching $52.17. 957,137 shares of the company’s stock traded hands, compared to its average volume of 1,723,912. The company has a fifty day simple moving average of $60.60 and a 200-day simple moving average of $50.82. Dave & Buster’s Entertainment Inc has a 1-year low of $31.65 and a 1-year high of $69.82. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 18.57 and a beta of 2.08. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 5.11.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.04). Dave & Buster’s Entertainment had a return on equity of 53.96% and a net margin of 5.76%. The company had revenue of $599.10 million during the quarter, compared to the consensus estimate of $603.41 million. As a group, equities research analysts expect that Dave & Buster’s Entertainment Inc will post 3.89 EPS for the current year.

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.