BlackRock Inc. Sells 19,464 Shares of Dave & Buster’s Entertainment Inc (PLAY)

BlackRock Inc. cut its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,635,792 shares of the restaurant operator’s stock after selling 19,464 shares during the quarter. BlackRock Inc. owned about 14.58% of Dave & Buster’s Entertainment worth $251,131,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLAY. Bank of New York Mellon Corp increased its stake in Dave & Buster’s Entertainment by 81.0% in the third quarter. Bank of New York Mellon Corp now owns 2,842,912 shares of the restaurant operator’s stock valued at $188,258,000 after purchasing an additional 1,272,203 shares during the period. Eagle Asset Management Inc. increased its stake in Dave & Buster’s Entertainment by 37.6% in the third quarter. Eagle Asset Management Inc. now owns 1,191,125 shares of the restaurant operator’s stock valued at $78,876,000 after purchasing an additional 325,346 shares during the period. Mackenzie Financial Corp increased its stake in Dave & Buster’s Entertainment by 16.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,075,402 shares of the restaurant operator’s stock valued at $92,480,000 after purchasing an additional 286,696 shares during the period. Marshall Wace LLP acquired a new position in Dave & Buster’s Entertainment in the third quarter valued at $17,170,000. Finally, William Blair Investment Management LLC increased its stake in Dave & Buster’s Entertainment by 57.0% in the third quarter. William Blair Investment Management LLC now owns 665,470 shares of the restaurant operator’s stock valued at $44,067,000 after purchasing an additional 241,471 shares during the period.

A number of research analysts have commented on PLAY shares. Maxim Group lifted their price objective on shares of Dave & Buster’s Entertainment from $71.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, December 7th. BidaskClub lowered shares of Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 4th. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. SunTrust Banks dropped their price objective on shares of Dave & Buster’s Entertainment to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, December 12th. Finally, Raymond James restated a “buy” rating and issued a $60.00 price objective (down from $70.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.27.

In other news, SVP J Michael Plunkett sold 4,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $51.09, for a total value of $204,360.00. Following the sale, the senior vice president now owns 5,671 shares of the company’s stock, valued at $289,731.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $45.11, for a total transaction of $338,325.00. Following the sale, the senior vice president now directly owns 17,004 shares in the company, valued at approximately $767,050.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,000 shares of company stock worth $2,202,710. Insiders own 3.40% of the company’s stock.

Shares of NASDAQ:PLAY opened at $48.00 on Friday. The stock has a market capitalization of $1.85 billion, a PE ratio of 18.46, a PEG ratio of 1.07 and a beta of 1.01. The company has a current ratio of 0.45, a quick ratio of 0.33 and a debt-to-equity ratio of 0.87. Dave & Buster’s Entertainment Inc has a fifty-two week low of $37.85 and a fifty-two week high of $67.05.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 26th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, March 25th. Dave & Buster’s Entertainment’s payout ratio is 23.08%.

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Dave & Buster’s Entertainment Company 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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