Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Acquired by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC increased its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 116.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,400 shares of the restaurant operator’s stock after purchasing an additional 9,900 shares during the period. AlphaCrest Capital Management LLC owned 0.05% of Dave & Buster’s Entertainment worth $918,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PLAY. Oregon Public Employees Retirement Fund increased its holdings in Dave & Buster’s Entertainment by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock valued at $750,000 after acquiring an additional 272 shares during the last quarter. Mason Street Advisors LLC increased its holdings in shares of Dave & Buster’s Entertainment by 2.9% in the 1st quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock worth $619,000 after buying an additional 352 shares during the last quarter. Piedmont Investment Advisors Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 4.8% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock worth $484,000 after buying an additional 441 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Dave & Buster’s Entertainment by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 27,320 shares of the restaurant operator’s stock worth $1,217,000 after buying an additional 600 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Dave & Buster’s Entertainment by 1.6% in the 4th quarter. Macquarie Group Ltd. now owns 37,976 shares of the restaurant operator’s stock worth $1,692,000 after buying an additional 601 shares during the last quarter.

Shares of NASDAQ:PLAY traded up $0.79 during trading hours on Friday, hitting $40.47. The company’s stock had a trading volume of 1,232,282 shares, compared to its average volume of 2,445,695. The company has a debt-to-equity ratio of 4.17, a current ratio of 0.28 and a quick ratio of 0.17. The firm has a market capitalization of $1.44 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 0.91 and a beta of 1.12. The company’s fifty day moving average is $48.55. Dave & Buster’s Entertainment Inc has a 52 week low of $38.76 and a 52 week high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.01). The firm had revenue of $363.58 million for the quarter, compared to the consensus estimate of $371.72 million. Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. Equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 2.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, June 24th. This represents a $0.60 annualized dividend and a dividend yield of 1.48%. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is presently 20.48%.

In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $50.36, for a total transaction of $201,440.00. Following the transaction, the senior vice president now owns 4,001 shares in the company, valued at approximately $201,490.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO John P. Gleason sold 8,200 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $54.85, for a total transaction of $449,770.00. Following the transaction, the chief marketing officer now owns 23,458 shares in the company, valued at approximately $1,286,671.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,635 shares of company stock valued at $2,121,795. 3.70% of the stock is currently owned by company insiders.

PLAY has been the subject of a number of recent analyst reports. SunTrust Banks dropped their price target on shares of Dave & Buster’s Entertainment to $61.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. Maxim Group reaffirmed a “buy” rating and set a $67.00 price target on shares of Dave & Buster’s Entertainment in a research note on Tuesday, June 4th. BMO Capital Markets reaffirmed an “outperform” rating and set a $66.00 price target (up from $62.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, April 3rd. Jefferies Financial Group lowered their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. Finally, BidaskClub cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.48.

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 entrées 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.

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Institutional Ownership by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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