AlphaCrest Capital Management LLC Has $683,000 Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Posted by Defense World Staff on Mar 8th, 2023

AlphaCrest Capital Management LLC lifted its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) by 46.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,026 shares of the restaurant operator’s stock after buying an additional 7,002 shares during the period. AlphaCrest Capital Management LLC’s holdings in Dave & Buster’s Entertainment were worth $683,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PLAY. Lazard Asset Management LLC acquired a new position in Dave & Buster’s Entertainment during the first quarter valued at approximately $32,000. First Personal Financial Services acquired a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $33,000. Captrust Financial Advisors grew its stake in shares of Dave & Buster’s Entertainment by 221.8% in the first quarter. Captrust Financial Advisors now owns 2,301 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 1,586 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Dave & Buster’s Entertainment during the second quarter worth $101,000. Finally, Steward Partners Investment Advisory LLC raised its position in Dave & Buster’s Entertainment by 59.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,273 shares of the restaurant operator’s stock worth $107,000 after acquiring an additional 1,216 shares in the last quarter. Institutional investors own 99.21% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $39.19 on Wednesday. The firm has a market cap of $1.89 billion, a P/E ratio of 15.68 and a beta of 1.94. The business’s 50 day moving average is $41.10 and its 200-day moving average is $38.31. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 3.39. Dave & Buster’s Entertainment Inc has a 1-year low of $29.60 and a 1-year high of $52.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last posted its quarterly earnings data on Tuesday, December 6th. The restaurant operator reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Dave & Buster’s Entertainment had a return on equity of 37.13% and a net margin of 7.09%. The firm had revenue of $481.21 million for the quarter, compared to analysts’ expectations of $470.78 million. During the same quarter last year, the business earned $0.21 EPS. The company’s quarterly revenue was up 51.3% compared to the same quarter last year. Equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Randall L. Jones bought 1,235 shares of the business’s stock in a transaction dated Wednesday, January 11th. The stock was purchased at an average cost of $40.81 per share, for a total transaction of $50,400.35. Following the transaction, the vice president now owns 5,284 shares in the company, valued at approximately $215,640.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Randall L. Jones bought 1,235 shares of the company’s stock in a transaction dated Wednesday, January 11th. The stock was bought at an average cost of $40.81 per share, for a total transaction of $50,400.35. Following the transaction, the vice president now owns 5,284 shares of the company’s stock, valued at $215,640.04. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Antonio Pineiro purchased 3,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Friday, January 13th. The shares were purchased at an average price of $42.54 per share, for a total transaction of $127,620.00. Following the transaction, the senior vice president now directly owns 23,312 shares in the company, valued at approximately $991,692.48. The disclosure for this purchase can be found here. Insiders have purchased a total of 1,021,450 shares of company stock worth $35,037,776 in the last 90 days. Company insiders own 3.21% of the company’s stock.

Wall Street Analysts Forecast Growth

PLAY has been the topic of several recent analyst reports. StockNews.com upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, December 7th. BMO Capital Markets dropped their price objective on Dave & Buster’s Entertainment from $66.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, November 8th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Dave & Buster’s Entertainment Profile

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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.