Institutional Exposure To Dave & Buster’s Entertainment Inc. (PLAY)


BlackRock Fund Advisors has recently announced that it has increased stake in Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) by 54.26%. After grabbing 6.55 million shares, the institutional investor is now in possession of 2.3 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 13.80% having worth around $80.79 million. Moreover, The Vanguard Group, Inc. increased its share by 1.15 million to have a control over 4.48 million shares. And Eminence Capital LP raised its holdings to 1.82 million shares by acquiring 3.5 million shares or 7.37% of the stake.

Dave & Buster’s Entertainment Inc. (PLAY) concluded trading on 08/27/20 at a closing price of $15.07, with 7.25 million shares of worth about $109.21 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 9.44% during that period and on Thursday the price saw a gain of about 6.88%. Currently the company’s common shares owned by public are about 47.45M shares, out of which, 43.13M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the PLAY stock and their offered price forecasts bring an average price target of $16.60. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $25.00 and could fall to a lowest price of $12.00. Analysts also issued an outlook of 2.80 for the Dave & Buster’s Entertainment Inc. stock for next 12 months. The stock’s current price level is 9.22% above of average price target set by the analysts, while a rise to estimated low would result in loss of -25.58 for the stock. However, touching the estimated high of $25.00 would mean a gain of 39.72% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 63 times over the past 12 months. They bought 614,494 shares in 43 of the transactions. In 20 selling transactions, insiders dumped 146,826 shares.

iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Dave & Buster’s Entertainment Inc. iShares Core S&P Small Cap ETF is currently holding 2.95 million shares of worth totaling $36.4 million. The company recently came buying 10542.0 shares which brought its stake up to 6.22% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 432.0 shares, after which its hold over company’s outstanding shares expand to 2.88%, leaving 1.37 million shares with the mutual fund that have a worth of about $16.85 million. Vanguard Small Cap Index Fund, after selling 1.18 million shares, have now control over 2.49% of the stake in the company. It holds 7000.0 shares of worth $14.57 million.

Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) started trading at $14.30, above $0.2 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $15.07, or with a gain of 6.88%. Stock saw a price change of 9.44% in past 5 days and over the past one month there was a price change of 10.97%. Year-to-date (YTD), PLAY shares are showing a performance of -62.48% which decreased to -63.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.61 but also hit the highest price of $48.80 during that period. While comparing its average daily trading volume of 8.64 million shares, we see that about 7.25 million changed hands on the day. The stock is currently trading 7.56% above its 20-day simple moving average (SMA20), while that difference is up 10.68% for SMA50 and it goes to -38.32% lower than SMA200.

BlackRock Fund Advisors acquired 6.55 million shares of Dave & Buster’s Entertainment Inc. having value of about $80.79 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 2.3 million shares in the company valued at close to $34702969.95, or have control over 54.26% stake in the company. Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) currently have 47.45M outstanding shares and institutions hold larger chunk of about 86.70% of that. Holding of mutual funds in the company is about 37.53% while other institutional holders and individual stake holders have control over 48.08% and 10.70% of the stake respectively.

The stock has a current market capitalization of $728.79M and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 43.68, while it has posted earnings per share of $0.35 in the same period. Its PEG reads 9.54 and has Quick Ratio of 0.60 while making debt-to-equity ratio of 3.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PLAY, volatility over the week remained 6.98% while standing at 6.72% over the month.

Analysts are in expectations that Dave & Buster’s Entertainment Inc. (PLAY) stock would likely to be making an EPS of -$1.41 in the current quarter, while forecast for next quarter ESPS is -$0.74 and it is $0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$2.1 which is -$0.78 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.9 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.30% while it is estimated to increase by 108.00% in next year. EPS is likely to shrink at an annualized rate of 4.58% for next 5-years, compared to annual growth of 70.20% made by the stock over the past 5-years.

Analysts at 12 brokerage firms have issued recommendations for the Dave & Buster’s Entertainment Inc. (PLAY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.80. Out of those 12 Wall Street analysts, 2 recommended a “Buy” rating, while 10 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by SunTrust on June 12, 2020 offering a Buy rating for the stock and assigned a target price of to it. Coverage by BMO Capital Markets stated Dave & Buster’s Entertainment Inc. (PLAY) stock as a Market perform in their note to investors on April 03, 2020, suggesting a price target of $13 for the stock. On March 17, 2020, Piper Sandler Downgrade their recommendations, while on September 19, 2019, Stifel Initiated their ratings for the stock with a price target of $45. Stock get a Mkt perform rating from William Blair on September 11, 2019.


Please enter your comment!
Please enter your name here