Icon Advisers Inc. Co. acquired a new stake in shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) during the fourth quarter, HoldingsChannel reports. The firm acquired 27,000 shares of the restaurant operator’s stock, valued at approximately $1,490,000.

A number of other hedge funds also recently modified their holdings of PLAY. Fortaleza Asset Management Inc. raised its position in Dave & Buster's Entertainment by 97.6% during the fourth quarter. Fortaleza Asset Management Inc. now owns 3,645 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 1,800 shares during the period. First Republic Investment Management Inc. purchased a new stake in Dave & Buster's Entertainment during the third quarter valued at approximately $203,000. Ameritas Investment Partners Inc. raised its position in Dave & Buster's Entertainment by 12.9% during the second quarter. Ameritas Investment Partners Inc. now owns 3,695 shares of the restaurant operator’s stock valued at $246,000 after purchasing an additional 421 shares during the period. Shelton Capital Management purchased a new stake in Dave & Buster's Entertainment during the second quarter valued at approximately $247,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Dave & Buster's Entertainment during the third quarter valued at approximately $268,000.

In other news, SVP J Michael Plunkett sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $46.60, for a total transaction of $93,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian Jenkins sold 9,400 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $57.32, for a total value of $538,808.00. Following the transaction, the chief financial officer now directly owns 5,042 shares in the company, valued at approximately $289,007.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,600 shares of company stock worth $1,571,648. Insiders own 3.84% of the company’s stock.

A number of equities research analysts have issued reports on PLAY shares. Maxim Group restated a “buy” rating and set a $97.00 price objective on shares of Dave & Buster's Entertainment in a research report on Friday, December 22nd. Wells Fargo & Co decreased their price objective on Dave & Buster's Entertainment from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 9th. Piper Jaffray Companies restated a “buy” rating and set a $56.00 price objective on shares of Dave & Buster's Entertainment in a research report on Tuesday, January 9th. TheStreet upgraded Dave & Buster's Entertainment from a “c” rating to a “b-” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research upgraded Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $69.00.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) opened at $44.64 on Friday. The company has a market capitalization of $1,816.58, a P/E ratio of 17.86, a PEG ratio of 1.08 and a beta of 0.28. Dave & Buster's Entertainment, Inc. has a 52 week low of $43.62 and a 52 week high of $73.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.26 and a current ratio of 0.38.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 earnings per share. sell-side analysts forecast that Dave & Buster's Entertainment, Inc. will post 2.58 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Icon Advisers Inc. Co. Acquires New Stake in Dave & Buster's Entertainment, Inc. (PLAY)” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://theolympiareport.com/2018/02/11/icon-advisers-inc-co-acquires-new-stake-in-dave-s-entertainment-inc-play.html.

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.

Want to see what other hedge funds are holding PLAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY).

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

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.