Illinois Municipal Retirement Fund Has $1.03 Million Stock Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Illinois Municipal Retirement Fund trimmed its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,121 shares of the restaurant operator’s stock after selling 5,140 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Dave & Buster’s Entertainment were worth $1,030,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. raised its stake 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 acquiring an additional 292 shares during the last quarter. FSC Wealth Advisors LLC bought a new position in Dave & Buster’s Entertainment in the 4th quarter worth approximately $45,000. DekaBank Deutsche Girozentrale bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $101,000. CenterBook Partners LP bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $222,000. Finally, Whitaker Myers Wealth Managers LTD. bought a new position in Dave & Buster’s Entertainment in the 4th quarter worth approximately $261,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $52.17 on Monday. The firm has a market cap of $2.10 billion, a PE ratio of 18.57 and a beta of 2.08. 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 Inc has a 1-year low of $31.65 and a 1-year high of $69.82. The company has a fifty day moving average price of $60.60 and a 200 day moving average price of $51.03.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). The company had revenue of $599.10 million during the quarter, compared to analyst estimates of $603.41 million. Dave & Buster’s Entertainment had a return on equity of 53.96% and a net margin of 5.76%. Research analysts predict that Dave & Buster’s Entertainment Inc will post 3.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael J. Griffith sold 5,203 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction 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 Securities & Exchange Commission, which is available at this link. Also, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares in the company, valued at $3,803,848.56. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, March 25th. Piper Sandler reiterated a “neutral” rating and set a $71.00 target price (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Jefferies Financial Group upped their target price on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. BMO Capital Markets upped their target price on shares of 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. Finally, Truist Financial upped their target price on shares of Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $69.21.

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 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.