Dave & Buster's Entertainment, Inc. (PLAY) Holdings Trimmed by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) by 63.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,280 shares of the restaurant operator’s stock after selling 5,792 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Dave & Buster's Entertainment were worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PLAY. Aperio Group LLC acquired a new stake in Dave & Buster's Entertainment in the second quarter valued at approximately $202,000. Strs Ohio lifted its stake in shares of Dave & Buster's Entertainment by 69.6% during the second quarter. Strs Ohio now owns 3,900 shares of the restaurant operator’s stock worth $259,000 after buying an additional 1,600 shares during the period. Sei Investments Co. lifted its stake in shares of Dave & Buster's Entertainment by 91.1% during the second quarter. Sei Investments Co. now owns 28,152 shares of the restaurant operator’s stock worth $1,872,000 after buying an additional 13,417 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Dave & Buster's Entertainment by 9.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 180,879 shares of the restaurant operator’s stock worth $12,031,000 after buying an additional 15,795 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Dave & Buster's Entertainment during the second quarter worth $224,000.

In other Dave & Buster's Entertainment news, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster's Entertainment stock in a transaction on Monday, December 11th. The shares were sold at an average price of $55.02, for a total value of $110,040.00. Following the completion of the transaction, the senior vice president now owns 2,001 shares of the company’s stock, valued at $110,095.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jay L. Tobin sold 4,000 shares of Dave & Buster's Entertainment stock in a transaction on Friday, December 15th. The shares were sold at an average price of $55.00, for a total transaction of $220,000.00. Following the completion of the transaction, the senior vice president now directly owns 52,071 shares of the company’s stock, valued at approximately $2,863,905. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock valued at $1,024,540 over the last 90 days. 3.84% of the stock is currently owned by insiders.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) opened at $54.38 on Tuesday. The stock has a market cap of $2,256.48, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.41 and a beta of 0.58. Dave & Buster's Entertainment, Inc. has a 1 year low of $45.71 and a 1 year high of $73.48. The company has a current ratio of 0.38, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70.

Dave & Buster's Entertainment (NASDAQ:PLAY) last posted its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $255.70 million. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. equities analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.65 EPS for the current fiscal year.

Dave & Buster's Entertainment declared that its board has authorized a share repurchase plan on Friday, September 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the restaurant operator to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Several equities research analysts have recently commented on PLAY shares. Piper Jaffray Companies reiterated an “overweight” rating and set a $69.00 price objective (down from $74.00) on shares of Dave & Buster's Entertainment in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Tuesday, August 22nd. Canaccord Genuity lowered their price objective on shares of Dave & Buster's Entertainment from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. TheStreet downgraded shares of Dave & Buster's Entertainment from a “b” rating to a “c” rating in a research note on Wednesday, October 4th. Finally, Maxim Group lifted their price objective on shares of Dave & Buster's Entertainment from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. Dave & Buster's Entertainment currently has a consensus rating of “Buy” and a consensus price target of $71.10.

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About Dave & Buster's Entertainment

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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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