On May 18, 2023 at 10:55:30 ET an unusually large $187.98K block of Put contracts in Dave & Buster`s Entertainment (PLAY) was sold, with a strike price of $35.00 / share, expiring in 1 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.48 sigmas above the mean, placing it in the 99.68th percentile of all recent large trades made in PLAY options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 533 funds or institutions reporting positions in Dave & Buster`s Entertainment. This is a decrease of 9 owner(s) or 1.66% in the last quarter. Average portfolio weight of all funds dedicated to PLAY is 0.18%, a decrease of 2.18%. Total shares owned by institutions decreased in the last three months by 1.45% to 53,599K shares. The put/call ratio of PLAY is 1.08, indicating a bearish outlook.
Analyst Price Forecast Suggests 48.90% Upside
As of May 11, 2023, the average one-year price target for Dave & Buster`s Entertainment is 51.15. The forecasts range from a low of 38.38 to a high of $63.00. The average price target represents an increase of 48.90% from its latest reported closing price of 34.35.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Dave & Buster`s Entertainment is 2,398MM, an increase of 22.07%. The projected annual non-GAAP EPS is 3.70.
What are Other Shareholders Doing?
Hill Path Capital holds 7,119K shares representing 15.47% ownership of the company. No change in the last quarter.
IJR – iShares Core S&P Small-Cap ETF holds 3,110K shares representing 6.76% ownership of the company. In it’s prior filing, the firm reported owning 3,112K shares, representing a decrease of 0.08%. The firm increased its portfolio allocation in PLAY by 3.82% over the last quarter.
American Century Companies holds 2,460K shares representing 5.34% ownership of the company. In it’s prior filing, the firm reported owning 2,312K shares, representing an increase of 6.00%. The firm increased its portfolio allocation in PLAY by 6.50% over the last quarter.
Nomura Holdings holds 2,449K shares representing 5.32% ownership of the company. No change in the last quarter.
ASVIX – Small Cap Value Fund Investor Class holds 1,550K shares representing 3.37% ownership of the company. In it’s prior filing, the firm reported owning 1,205K shares, representing an increase of 22.26%. The firm increased its portfolio allocation in PLAY by 38.58% over the last quarter.
Dave & Buster`s Entertainment Background Information
(This description is provided by the company.)
Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster’s Entertainment, Inc., is the owner and operator of 141 venues in North America that combine entertainment and dining and offer customers the opportunity to “Eat Drink Play and Watch,” all in one location. Dave & Buster’s offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Dave & Buster’s currently has stores in 40 states, Puerto Rico, and Canada.
Key filings for this company:
This story originally appeared on Fintel.
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