California Public Employees Retirement System Sells 1,281 Shares of Dave & Buster’s Entertainment Inc (PLAY)

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California Public Employees Retirement System trimmed its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,140 shares of the restaurant operator’s stock after selling 1,281 shares during the period. California Public Employees Retirement System’s holdings in Dave & Buster’s Entertainment were worth $1,863,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in Dave & Buster’s Entertainment by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 1,570,709 shares of the restaurant operator’s stock valued at $74,765,000 after buying an additional 70,735 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Dave & Buster’s Entertainment by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,133,536 shares of the restaurant operator’s stock valued at $53,959,000 after buying an additional 16,818 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in Dave & Buster’s Entertainment by 5.7% during the second quarter. Rice Hall James & Associates LLC now owns 1,121,920 shares of the restaurant operator’s stock valued at $53,403,000 after buying an additional 60,635 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in Dave & Buster’s Entertainment by 35.0% during the second quarter. Van Berkom & Associates Inc. now owns 1,071,486 shares of the restaurant operator’s stock valued at $51,003,000 after buying an additional 277,922 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in Dave & Buster’s Entertainment by 3.8% during the second quarter. Glenmede Trust Co. NA now owns 1,007,962 shares of the restaurant operator’s stock valued at $47,979,000 after buying an additional 36,995 shares in the last quarter.

In other news, Director Stephen M. King sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $64.49, for a total transaction of $1,934,700.00. Following the transaction, the director now directly owns 20,556 shares of the company’s stock, valued at $1,325,656.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $65.63, for a total transaction of $656,300.00. Following the transaction, the chief operating officer now directly owns 18,563 shares in the company, valued at $1,218,289.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 161,400 shares of company stock worth $10,000,105. Corporate insiders own 3.40% of the company’s stock.

NASDAQ PLAY opened at $59.55 on Thursday. Dave & Buster’s Entertainment Inc has a 52 week low of $37.85 and a 52 week high of $67.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47. The firm has a market cap of $2.16 billion, a PE ratio of 22.90, a PEG ratio of 1.38 and a beta of 0.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The business had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $311.85 million. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.76 earnings per share for the current year.

The company also recently announced a special dividend, which was paid on Wednesday, October 10th. Stockholders of record on Tuesday, September 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 24th. Dave & Buster’s Entertainment’s payout ratio is currently 23.08%.

PLAY has been the topic of a number of recent research reports. Raymond James set a $70.00 price target on shares of Dave & Buster’s Entertainment and gave the company a “buy” rating in a research report on Monday, September 17th. BidaskClub cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Finally, William Blair reaffirmed a “buy” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, August 17th. Fourteen equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $69.82.

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

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