Kettle Hill Capital Management LLC Acquires Shares of 60,138 Dave & Buster’s Entertainment, Inc. (PLAY)

Kettle Hill Capital Management LLC acquired a new stake in Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 60,138 shares of the company’s stock, valued at approximately $3,386,000. Dave & Buster’s Entertainment accounts for about 3.3% of Kettle Hill Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Kettle Hill Capital Management LLC owned 0.14% of Dave & Buster’s Entertainment at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLAY. Metropolitan Life Insurance Co. NY boosted its stake in Dave & Buster’s Entertainment by 69.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 27,481 shares of the company’s stock valued at $1,286,000 after buying an additional 11,283 shares in the last quarter. G2 Investment Partners Management LLC purchased a new stake in Dave & Buster’s Entertainment during the second quarter valued at about $1,034,000. Voloridge Investment Management LLC purchased a new stake in Dave & Buster’s Entertainment during the second quarter valued at about $8,588,000. Friess Associates LLC purchased a new stake in Dave & Buster’s Entertainment during the second quarter valued at about $8,825,000. Finally, Engineers Gate Manager LP purchased a new stake in Dave & Buster’s Entertainment during the second quarter valued at about $5,296,000.

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

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) traded down 0.37% during trading on Monday, hitting $57.03. 375,596 shares of the company traded hands. The stock has a market capitalization of $2.40 billion, a PE ratio of 28.54 and a beta of 0.71. Dave & Buster’s Entertainment, Inc. has a 52 week low of $31.42 and a 52 week high of $58.25. The company’s 50 day moving average is $55.23 and its 200-day moving average is $47.06.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, December 6th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.11. The business had revenue of $228.70 million for the quarter, compared to analysts’ expectations of $216.74 million. Dave & Buster’s Entertainment had a net margin of 8.91% and a return on equity of 22.15%. The business’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS. Analysts predict that Dave & Buster’s Entertainment, Inc. will post $2.05 earnings per share for the current year.

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Several research firms have issued reports on PLAY. Canaccord Genuity reiterated a “buy” rating and issued a $60.00 target price on shares of Dave & Buster’s Entertainment in a research note on Sunday, January 8th. Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Friday, December 9th. Jefferies Group LLC restated a “buy” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, January 6th. Finally, SunTrust Banks, Inc. began coverage on shares of Dave & Buster’s Entertainment in a research report on Tuesday, December 20th. They set a “buy” rating and a $68.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Dave & Buster’s Entertainment currently has an average rating of “Buy” and an average target price of $54.19.

In other news, SVP John Mulleady sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $45.07, for a total transaction of $112,675.00. Following the sale, the senior vice president now owns 2,501 shares of the company’s stock, valued at approximately $112,720.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margo Lynn Manning sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $54.23, for a total transaction of $488,070.00. Following the sale, the senior vice president now directly owns 9,001 shares in the company, valued at approximately $488,124.23. The disclosure for this sale can be found here. Insiders have sold a total of 230,503 shares of company stock worth $12,890,560 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

5 Day Chart for NASDAQ:PLAY

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).

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