First Republic Investment Management Inc. Purchases Shares of 3,866 Dave & Buster's Entertainment, Inc. (PLAY)

First Republic Investment Management Inc. purchased a new stake in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,866 shares of the restaurant operator’s stock, valued at approximately $203,000.

Other institutional investors have also made changes to their positions in the company. Mik Capital LLC acquired a new position in shares of Dave & Buster's Entertainment in the 2nd quarter valued at $43,824,000. Quantbot Technologies LP acquired a new position in shares of Dave & Buster's Entertainment in the 3rd quarter valued at $1,578,000. First Quadrant L P CA acquired a new position in shares of Dave & Buster's Entertainment in the 3rd quarter valued at $644,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Dave & Buster's Entertainment in the 2nd quarter valued at $531,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Dave & Buster's Entertainment by 6.5% in the 2nd quarter. Wells Fargo & Company MN now owns 1,001,832 shares of the restaurant operator’s stock valued at $66,632,000 after purchasing an additional 61,034 shares during the last quarter.

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) opened at $55.97 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $2,210.00, 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.

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

Dave & Buster's Entertainment announced that its Board of Directors has authorized a stock buyback program on Friday, September 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In other Dave & Buster's Entertainment news, CFO Brian Jenkins sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $54.09, for a total transaction of $540,900.00. Following the sale, the chief financial officer now owns 5,042 shares in the company, valued at approximately $272,721.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP J Michael Plunkett sold 2,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $55.02, for a total value of $110,040.00. Following the sale, the senior vice president now owns 2,001 shares in the company, valued at approximately $110,095.02. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock worth $1,024,540 in the last quarter. Company insiders own 3.84% of the company’s stock.

Several equities analysts have recently commented on the company. Maxim Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Dave & Buster's Entertainment in a research note on Thursday, August 24th. Zacks Investment Research raised Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Tuesday, August 22nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $70.00 price target (down previously from $72.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, September 6th. Wells Fargo & Company reiterated an “outperform” rating and issued a $71.00 price objective (down previously from $78.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, September 6th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $72.00 price objective (down previously from $75.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average 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.

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

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