LMR Partners LLP Boosts Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

LMR Partners LLP grew its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 98,000 shares of the restaurant operator’s stock after buying an additional 5,000 shares during the period. LMR Partners LLP owned 0.25% of Dave & Buster’s Entertainment worth $2,861,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Parallax Volatility Advisers L.P. grew its stake in Dave & Buster’s Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock worth $217,000 after purchasing an additional 632 shares during the period. KBC Group NV grew its stake in Dave & Buster’s Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 885 shares during the period. MetLife Investment Management LLC grew its stake in Dave & Buster’s Entertainment by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator’s stock worth $602,000 after purchasing an additional 1,479 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster’s Entertainment in the fourth quarter worth $47,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in Dave & Buster’s Entertainment by 19.0% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator’s stock worth $311,000 after purchasing an additional 1,700 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Trading Down 2.8%

Shares of NASDAQ:PLAY opened at $21.49 on Wednesday. The company has a market cap of $741.73 million, a P/E ratio of 10.64 and a beta of 1.94. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. Dave & Buster’s Entertainment Inc has a 1 year low of $15.08 and a 1 year high of $57.10. The stock’s fifty day moving average price is $18.95 and its 200-day moving average price is $26.29.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company had revenue of $534.50 million for the quarter, compared to the consensus estimate of $548.77 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. Dave & Buster’s Entertainment’s revenue was down 10.8% on a year-over-year basis. Sell-side analysts expect that Dave & Buster’s Entertainment Inc will post 2.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PLAY shares. Piper Sandler reduced their price target on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Truist Financial reduced their price target on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, April 2nd. Loop Capital cut their target price on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $33.00.

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.