Victory Capital Management Inc. Purchases 687,399 Shares of Dave & Buster’s Entertainment Inc (PLAY)

Victory Capital Management Inc. lifted its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 10,688.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 693,830 shares of the restaurant operator’s stock after buying an additional 687,399 shares during the quarter. Victory Capital Management Inc. owned approximately 1.79% of Dave & Buster’s Entertainment worth $45,945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment in the third quarter valued at $673,000. Rice Hall James & Associates LLC raised its holdings in Dave & Buster’s Entertainment by 6.1% in the third quarter. Rice Hall James & Associates LLC now owns 1,190,101 shares of the restaurant operator’s stock valued at $78,808,000 after acquiring an additional 68,181 shares in the last quarter. First Trust Advisors LP raised its holdings in Dave & Buster’s Entertainment by 159.6% in the third quarter. First Trust Advisors LP now owns 44,201 shares of the restaurant operator’s stock valued at $2,927,000 after acquiring an additional 27,172 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Dave & Buster’s Entertainment in the third quarter valued at $228,000. Finally, Kirr Marbach & Co. LLC IN raised its holdings in Dave & Buster’s Entertainment by 4.1% in the third quarter. Kirr Marbach & Co. LLC IN now owns 163,754 shares of the restaurant operator’s stock valued at $10,844,000 after acquiring an additional 6,485 shares in the last quarter.

Several analysts recently issued reports on PLAY shares. Zacks Investment Research raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Tuesday, July 17th. BidaskClub raised shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, July 21st. Maxim Group reiterated a “buy” rating and set a $68.00 target price on shares of Dave & Buster’s Entertainment in a research note on Monday, July 23rd. ValuEngine lowered shares of Dave & Buster’s Entertainment from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Finally, Piper Jaffray Companies boosted their target price on shares of Dave & Buster’s Entertainment from $56.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, August 17th. Fourteen analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $69.82.

PLAY stock opened at $58.65 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.47 and a quick ratio of 0.36. Dave & Buster’s Entertainment Inc has a 1-year low of $37.85 and a 1-year high of $67.05. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.48 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.17. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The firm had revenue of $319.20 million during the quarter, compared to analyst estimates of $311.85 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.76 earnings per share for the current fiscal year.

In other news, SVP J Michael Plunkett sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $59.80, for a total transaction of $119,600.00. Following the completion of the transaction, the senior vice president now owns 3,671 shares in the company, valued at $219,525.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Jenkins sold 10,000 shares of the company’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $57.35, for a total transaction of $573,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,600 shares of company stock valued at $9,879,683. 3.40% of the stock is owned by insiders.

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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 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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