Elk Creek Partners LLC increased its holdings in shares of Dave & Buster’s (NASDAQ:PLAY) by 8.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 224,332 shares of the restaurant operator’s stock after purchasing an additional 16,607 shares during the period. Elk Creek Partners LLC’s holdings in Dave & Buster’s were worth $9,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLAY. BlackRock Inc. increased its stake in Dave & Buster’s by 42.4% during the 1st quarter. BlackRock Inc. now owns 7,342,209 shares of the restaurant operator’s stock worth $306,465,000 after buying an additional 2,186,997 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Dave & Buster’s by 533.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,855,207 shares of the restaurant operator’s stock worth $77,436,000 after buying an additional 1,562,477 shares during the period. Van Berkom & Associates Inc. purchased a new stake in Dave & Buster’s during the 1st quarter worth approximately $33,123,000. Carillon Tower Advisers Inc. purchased a new stake in Dave & Buster’s during the 4th quarter worth approximately $33,953,000. Finally, William Blair Investment Management LLC purchased a new stake in Dave & Buster’s during the 4th quarter worth approximately $27,806,000.

Shares of NASDAQ:PLAY opened at $41.64 on Friday. Dave & Buster’s has a 52 week low of $37.85 and a 52 week high of $73.48. The company has a current ratio of 0.46, a quick ratio of 0.32 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.05 and a beta of 0.44.

Dave & Buster’s (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, April 3rd. The restaurant operator reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Dave & Buster’s had a net margin of 10.61% and a return on equity of 24.67%. The company had revenue of $304.90 million for the quarter, compared to the consensus estimate of $304.82 million. During the same period in the prior year, the firm posted $0.63 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. research analysts forecast that Dave & Buster’s will post 2.63 earnings per share for the current year.

Several brokerages recently weighed in on PLAY. SunTrust Banks set a $70.00 target price on shares of Dave & Buster’s and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of Dave & Buster’s from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. BidaskClub raised shares of Dave & Buster’s from a “sell” rating to a “hold” rating in a research report on Tuesday, April 10th. ValuEngine downgraded shares of Dave & Buster’s from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Wells Fargo & Co dropped their price objective on shares of Dave & Buster’s from $60.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $61.70.

In related news, SVP J Michael Plunkett sold 2,000 shares of the stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $42.31, for a total value of $84,620.00. Following the transaction, the senior vice president now directly owns 3,671 shares of the company’s stock, valued at approximately $155,320.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.40% of the company’s stock.

Dave & Buster’s Profile

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 (NASDAQ:PLAY)

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