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BNP Paribas Financial Markets sells 28,524 shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

BNP Paribas Financial Markets reduced its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Free Report) by 41.9% during the fourth quarter, according to the company’s most recent disclosure with the Securities and Exchange Commission. The fund owned 39,534 shares of the restaurant operator after selling 28,524 shares during the same period. BNP Paribas Financial Markets owned about 0.10% of Dave & Buster’s Entertainment worth $2,129,000, according to its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Principal Securities Inc. acquired a new position in shares of Dave & Buster’s Entertainment in the fourth quarter valued at about $38,000. Federated Hermes Inc. increased its position in shares of Dave & Buster’s Entertainment by 67.3% in the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 292 shares during the same period. FSC Wealth Advisors LLC acquired a new position in shares of Dave & Buster’s Entertainment in the fourth quarter valued at $45,000. GAMMA Investing LLC acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at $53,000. Finally, Headlands Technologies LLC acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 91.45% of the company’s shares.

Dave & Buster’s Entertainment shares rise 2.5%

NASDAQ:PLAY rose $1.20 in midday trading on Friday, reaching $49.81. The stock had a trading volume of 899,321 shares, compared to its average volume of 1,065,798. The company has a market cap of $2.01 billion, a P/E ratio of 17.73 and a beta of 2.08. The stock has a 50-day moving average of $56.75 and a 200-day moving average of $53.25. Dave & Buster’s Entertainment Inc has a twelve-month low of $31.65 and a twelve-month high of $69.82. 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 – Free Report) last announced its earnings results on Tuesday, April 2. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). Dave & Buster’s Entertainment had a net margin of 5.76% and a return on equity of 53.96%. The company had revenue of $599.10 million for the quarter, compared to analyst expectations of $603.41 million. On average, equities analysts expect that Dave & Buster’s Entertainment Inc. will post $3.89 earnings per share for the current year.

Wall Street analysts predict growth

Several research firms have recently commented on PLAY. Truist Financial raised their price target on Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. BMO Capital Markets raised their price target on Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group raised their price target on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. StockNews.com upgraded Dave & Buster’s Entertainment from “sell” to “hold” in a research report on Wednesday, April 10th. Finally, Piper Sandler reiterated a “neutral” rating and set a price target of $71.00 (up from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4. Four analysts have rated the stock with a “hold” rating and three have assigned the company a “buy” rating. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $69.21.

Read our latest stock analysis on Dave & Buster’s Entertainment

Insiders place their bets

In other news, Director Michael J. Griffith sold 5,203 shares of the company’s stock in a transaction that occurred on Thursday, April 4. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the sale, the director now directly owns 33,546 shares of the company’s stock, valued at approximately $2,199,611.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael J. Griffith sold 5,203 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, April 4. The shares were 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 approximately $2,199,611.22. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, SVP John Mulleady sold 42,824 shares of the company’s stock in a transaction dated Thursday, April 4. The shares were 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 approximately $3,803,848.56. The disclosure regarding this sale can be found here. 1.60% of the shares are currently owned by insiders.

Dave & Busters Entertainment Profile

(Free report)

Dave & Buster’s Entertainment, Inc. owns and operates adult and family entertainment and dining venues. The venues offer a menu of entrees and appetizers, a selection of non-alcoholic and alcoholic beverages, and a selection of entertainment attractions centered around games and live sports and other televised events.

Further information

Institutional ownership by quarter for Dave & Buster's Entertainment (NASDAQ:PLAY)

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