AXA lessened its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 15.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,100 shares of the restaurant operator’s stock after selling 19,700 shares during the quarter. AXA owned 0.30% of Dave & Buster’s Entertainment worth $4,375,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PLAY. DekaBank Deutsche Girozentrale acquired a new stake in shares of Dave & Buster’s Entertainment during the second quarter worth $36,000. Meeder Asset Management Inc. grew its stake in shares of Dave & Buster’s Entertainment by 639.8% during the second quarter. Meeder Asset Management Inc. now owns 1,857 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 1,606 shares during the period. Magnus Financial Group LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth $215,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth $217,000. Finally, Aperio Group LLC grew its stake in shares of Dave & Buster’s Entertainment by 11.1% during the second quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 457 shares during the period.
NASDAQ PLAY traded up $0.33 on Friday, hitting $39.36. 636,247 shares of the company’s stock were exchanged, compared to its average volume of 884,698. Dave & Buster’s Entertainment Inc has a 52 week low of $37.21 and a 52 week high of $63.18. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 0.97 and a beta of 0.84. The company has a current ratio of 0.30, a quick ratio of 0.20 and a debt-to-equity ratio of 6.73. The stock has a 50-day moving average of $40.80 and a 200-day moving average of $45.43.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. Dave & Buster’s Entertainment had a return on equity of 32.64% and a net margin of 8.78%. The company had revenue of $344.60 million during the quarter, compared to analysts’ expectations of $345.27 million. As a group, analysts predict that Dave & Buster’s Entertainment Inc will post 2.81 earnings per share for the current year.
The company also recently announced a 0.15000 dividend, which will be paid on Monday, November 11th. Stockholders of record on Friday, October 11th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 1.6%. Dave & Buster’s Entertainment’s dividend payout ratio is presently 20.48%.
A number of equities research analysts recently commented on the company. Piper Jaffray Companies decreased their price objective on Dave & Buster’s Entertainment from $55.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Raymond James lowered Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 11th. Jefferies Financial Group lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and cut their price target for the company from $56.00 to $40.00 in a report on Tuesday, July 2nd. ValuEngine upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets dropped their target price on Dave & Buster’s Entertainment from $55.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Dave & Buster’s Entertainment currently has an average rating of “Hold” and an average price target of $46.81.
About Dave & Buster’s Entertainment
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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