Nordea Investment Management AB grew its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,283 shares of the restaurant operator’s stock after purchasing an additional 2,311 shares during the period. Nordea Investment Management AB owned about 0.21% of Dave & Buster’s Entertainment worth $3,755,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PLAY. Valeo Financial Advisors LLC bought a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth $55,000. Quantamental Technologies LLC increased its holdings in Dave & Buster’s Entertainment by 57.5% in the 1st quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock valued at $148,000 after buying an additional 1,085 shares during the period. Buffington Mohr McNeal bought a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at approximately $155,000. Magnus Financial Group LLC bought a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at approximately $215,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at approximately $217,000.
Shares of Dave & Buster’s Entertainment stock traded up $0.30 on Thursday, hitting $41.18. The stock had a trading volume of 759,666 shares, compared to its average volume of 1,121,284. The firm has a market cap of $1.49 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.93 and a beta of 0.88. The firm has a 50-day moving average of $42.74. Dave & Buster’s Entertainment Inc has a one year low of $38.76 and a one year high of $67.05. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.17 and a current ratio of 0.28.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Tuesday, June 25th were issued a $0.15 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.60 annualized dividend and a yield of 1.46%. Dave & Buster’s Entertainment’s payout ratio is 20.48%.
In related news, Director Michael J. Griffith acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was bought at an average cost of $39.32 per share, for a total transaction of $196,600.00. Following the purchase, the director now owns 16,327 shares in the company, valued at approximately $641,977.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total value of $573,000.00. Following the transaction, the chief operating officer now owns 23,960 shares of the company’s stock, valued at $1,372,908. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.
PLAY has been the topic of a number of recent analyst reports. SunTrust Banks dropped their price target on shares of EOG Resources to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research note on Friday, June 28th. Piper Jaffray Companies lowered shares of Medidata Solutions from an “overweight” rating to a “neutral” rating in a research note on Wednesday, June 12th. Loop Capital reduced their target price on shares of Dave & Buster’s Entertainment to $55.00 and set a “buy” rating for the company in a research note on Wednesday, June 12th. They noted that the move was a valuation call. Finally, Gordon Haskett lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $41.70 price target for the company. in a research report on Wednesday, June 12th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $54.14.
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 entrÃ©es 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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