Counterpoint Mutual Funds LLC Reduces Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Counterpoint Mutual Funds LLC decreased its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) by 53.1% in the third quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The fund held 3,199 shares of the restaurateur after selling 3,629 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Dave & Buster’s Entertainment were worth $99,000 at the end of last quarter.

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Other large investors have also increased or reduced their stake in the company. Lazard Asset Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth $32,000. First Personal Financial Services acquired a new stake in Dave & Buster’s Entertainment during the third quarter, valued at approximately $33,000. Focused Wealth Management Inc raised its position in shares of Dave & Buster’s Entertainment by 57.1% in the second quarter. Focused Wealth Management Inc now owns 2,200 shares of the restaurateur worth $72,000 after buying an additional 800 shares in the last quarter. CM Bidwell & Associates Ltd. bought a new stake in the shares of Dave & Buster’s Entertainment in the second quarter for a value of approximately $101,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Dave & Buster’s Entertainment by 59.1% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,273 shares of the restaurateur worth $107,000 after buying 1,216 additional shares last quarter. Hedge funds and other institutional investors hold 99.21% of the company’s shares.

Insider buying and selling

Separately, CFO Michael Quartieri purchased 4,025 shares of the company in a trade on Thursday, December 8. The shares were acquired at an average price of $35.07 per share, with a total value of $141,156.75. Following the transaction, the CFO now owns 45,210 shares of the company, valued at $1,585,514.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Separately, CFO Michael Quartieri purchased 4,025 shares of the company in a trade on Thursday, December 8. The shares were acquired at an average price of $35.07 per share, with a total value of $141,156.75. Following the transaction, the CFO now owns 45,210 shares of the company, valued at $1,585,514.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Additionally, SVP Steve Klohn acquired 13,427 shares of the company in a transaction dated Thursday, December 8. The shares were acquired at an average price of $35.22 per share, with a total value of $472,898.94. Following the acquisition, the senior vice president now owns 29,837 shares of the company, valued at approximately $1,050,859.14. Disclosure of this purchase can be found here. Insiders purchased a total of 1,021,450 shares of the company worth $35,037,776 during the last quarter. 3.21% of the shares are held by company insiders.

Dave & Buster entertainment shares down 0.1%

NASDAQ:PLAY shares opened at $40.97 on Friday. Dave & Buster’s Entertainment Inc has a 52 week minimum of $29.60 and a 52 week maximum of $52.54. The stock has a market capitalization of $1.98 billion, a P/E ratio of 16.39 and a beta of 1.83. The company’s 50-day moving average is $37.55 and its 200-day moving average is $37.09. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt ratio of 3.39.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last reported quarterly earnings data on Tuesday, December 6. The restaurateur reported earnings per share (EPS) of $0.04 for the quarter, beating 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 company posted revenue of $481.21 million for the quarter, compared to $470.78 million expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $0.21. Dave & Buster’s Entertainment revenue increased 51.3% over the same quarter last year. Sell-side analysts expect Dave & Buster’s Entertainment Inc to post EPS of 2.72 for the current year.

Wall Street analysts predict growth

PLAY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a target price of $48.00 on the stock in a Tuesday, Nov. 8 research report. Piper Sandler cut her price target on Dave & Buster’s Entertainment from $44.00 to $34.00 and set a “neutral” rating on the stock in a Wednesday, October 5 research report. StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a Wednesday, Dec. 7 research note. Finally, BMO Capital Markets cut its price target on Dave & Buster’s Entertainment from $66.00 to $55.00 and set an “outperform” rating on the stock in a Wednesday, Dec. 7 research note. Three analysts gave the stock a hold rating, four issued a buy rating and one gave the company’s stock a strong buy rating. Based on MarketBeat data, Dave & Buster’s Entertainment has a consensus rating of “Moderate Buy” and an average price target of $50.00.

Dave & Buster Entertainment Profile

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Dave & Buster’s Entertainment, Inc. owns and operates adult and family entertainment and dining venues. Its places offer a menu of starters and appetizers, as well as a selection of non-alcoholic and alcoholic drinks; and an assortment of entertainment attractions centered around gaming and watching live sports, and other televised events.

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Want to see what other hedge funds hold PLAY? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating).

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