Deutsche Bank AG Boosts Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Deutsche Bank AG raised its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 154.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 117,425 shares of the restaurant operator’s stock after acquiring an additional 71,207 shares during the period. Deutsche Bank AG’s holdings in Dave & Buster’s Entertainment were worth $4,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Profund Advisors LLC boosted its position in Dave & Buster’s Entertainment by 5.7% during the second quarter. Profund Advisors LLC now owns 6,380 shares of the restaurant operator’s stock valued at $258,000 after buying an additional 344 shares during the period. Ellevest Inc. boosted its position in Dave & Buster’s Entertainment by 39.7% during the third quarter. Ellevest Inc. now owns 1,404 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 399 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Dave & Buster’s Entertainment by 674.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 774 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 674 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Dave & Buster’s Entertainment by 17.9% during the second quarter. Teacher Retirement System of Texas now owns 5,511 shares of the restaurant operator’s stock valued at $224,000 after acquiring an additional 836 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Dave & Buster’s Entertainment by 9.6% during the second quarter. First Trust Advisors LP now owns 10,434 shares of the restaurant operator’s stock valued at $424,000 after acquiring an additional 915 shares during the last quarter. Institutional investors and hedge funds own 99.69% of the company’s stock.

Several equities analysts have recently commented on the stock. Piper Sandler lowered their price objective on shares of Dave & Buster’s Entertainment from $53.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, December 8th. Truist Securities upped their price objective on shares of Dave & Buster’s Entertainment from $56.00 to $60.00 in a research note on Wednesday. Zacks Investment Research raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a research note on Wednesday, November 10th. Truist upped their price objective on shares of Dave & Buster’s Entertainment from $56.00 to $60.00 in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and upped their price objective for the company from $40.00 to $56.00 in a research note on Friday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $50.00.

In related news, CEO Kevin M. Sheehan bought 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 9th. The stock was bought at an average cost of $34.92 per share, with a total value of $523,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.57% of the company’s stock.

Shares of PLAY stock opened at $38.06 on Friday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 77.67, a PEG ratio of 1.11 and a beta of 2.00. Dave & Buster’s Entertainment Inc has a one year low of $29.83 and a one year high of $51.73. The company’s fifty day moving average price is $36.76 and its 200-day moving average price is $36.87. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.50 and a quick ratio of 0.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, December 7th. The restaurant operator reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.09. The firm had revenue of $317.98 million for the quarter, compared to the consensus estimate of $319.74 million. Dave & Buster’s Entertainment had a net margin of 2.43% and a return on equity of 12.97%. The company’s revenue was up 191.6% on a year-over-year basis. During the same period last year, the firm earned ($1.01) EPS. Equities research analysts expect that Dave & Buster’s Entertainment Inc will post 2.32 earnings per share 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.

Recommended Story: Bid-Ask Spread

Want to see what other hedge funds are holding PLAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dave & Buster’s Entertainment Inc (NASDAQ:PLAY).

Institutional Ownership by Quarter for Dave & Buster's Entertainment (NASDAQ:PLAY)

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.