Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,476 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,261 shares of the restaurant operator’s stock after buying an additional 1,476 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dave & Buster’s Entertainment were worth $445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PLAY. FSC Wealth Advisors LLC acquired a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $45,000. DekaBank Deutsche Girozentrale acquired a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $101,000. CenterBook Partners LP acquired a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $222,000. Whitaker Myers Wealth Managers LTD. acquired a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $261,000. Finally, Clearview Wealth Advisors LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 76,760.0% in the third quarter. Clearview Wealth Advisors LLC now owns 7,686 shares of the restaurant operator’s stock valued at $285,000 after buying an additional 7,676 shares during the period. 91.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on PLAY. Piper Sandler reiterated a “neutral” rating and issued a $71.00 price target (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. BMO Capital Markets upped their price target on shares of Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. Truist Financial upped their price target on shares of Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. UBS Group upped their price target on shares of Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group upped their price target on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.21.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment 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 transaction of $341,160.71. Following the sale, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the transaction, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Mulleady sold 42,824 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the completion of the transaction, 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. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $52.82 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 5.11. The firm has a fifty day simple moving average of $59.95 and a 200 day simple moving average of $51.33. Dave & Buster’s Entertainment Inc has a 12 month low of $31.65 and a 12 month high of $69.82. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 18.80 and a beta of 2.08.

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

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.