New York State Teachers Retirement System Holding in Dave & Buster’s Entertainment (PLAY) Has Boosted by $512,500; As 3M Company (MMM) Shares Declined, Vaughan David Investments Lowered by $1.06 Million Its Position

June 19, 2018 - By David Stenberg

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New York State Teachers Retirement System increased its stake in Dave & Buster’s Entertainment Inc (PLAY) by 57.36% based on its latest 2018Q1 regulatory filing with the SEC. New York State Teachers Retirement System bought 12,500 shares as the company’s stock declined 11.14% with the market. The institutional investor held 34,293 shares of the consumer services company at the end of 2018Q1, valued at $1.43M, up from 21,793 at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in Dave & Buster’s Entertainment Inc for a number of months, seems to be bullish on the $2.16B market cap company. The stock decreased 0.92% or $0.51 during the last trading session, reaching $54.89. About 876,981 shares traded. Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) has declined 38.89% since June 19, 2017 and is downtrending. It has underperformed by 51.46% the S&P500. Some Historical PLAY News: 15/05/2018 – Balyasny Asset Management LLC Exits Position in Dave & Buster’s; 15/05/2018 – TimesSquare Capital Management Exits Dave & Buster’s; 03/04/2018 – Dave & Busters 4Q Net $35.6M; 03/04/2018 – DAVE & BUSTER’S ENTERTAINMENT INC – SEES NET INCOME OF $95 MLN TO $110 MLN FOR FISCAL 2018; 21/05/2018 – DAVE & BUSTER’S ENTERTAINMENT INC PLAY.O : MAXIM RAISES TARGET PRICE TO $68 FROM $62; 03/04/2018 – DAVE & BUSTER’S ENTERTAINMENT INC – SEES TOTAL REVENUES OF $1.20 BLN TO $1.24 BLN FOR FISCAL 2018; 03/04/2018 – DAVE & BUSTER’S ENTERTAINMENT INC – SEES COMPARABLE STORE SALES DECREASE IN LOW-TO-MID SINGLE DIGITS FOR FISCAL 2018; 03/04/2018 – Dave & Buster’s Delivers Fourth Consecutive Year of Record Performance; 03/04/2018 – Dave & Busters 4Q Rev $304.9M; 08/05/2018 – Van Berkom & Associates Buys New 2% Position in Dave & Buster’s

Vaughan David Investments Inc decreased its stake in 3M Company (MMM) by 3.59% based on its latest 2018Q1 regulatory filing with the SEC. Vaughan David Investments Inc sold 4,853 shares as the company’s stock declined 18.48% with the market. The institutional investor held 130,489 shares of the medical and dental instruments company at the end of 2018Q1, valued at $28.65M, down from 135,342 at the end of the previous reported quarter. Vaughan David Investments Inc who had been investing in 3M Company for a number of months, seems to be less bullish one the $121.21 billion market cap company. The stock decreased 0.39% or $0.8 during the last trading session, reaching $204.17. About 2.84M shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 19, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 20/03/2018 – MN House of Reps: Bipartisan bill would use 3M settlement dollars to test private wells; 24/05/2018 – Australia 3M Interbank Yield at 1.90% by End-2Q18 (Survey); 24/04/2018 – 3M CO 1Q EPS 98C; 04/04/2018 – 3M Selects C3 IoT As Strategic AI Software Platform; 24/04/2018 – 3M 1Q Net $602M; 09/05/2018 – 3M CO – STOCKHOLDERS ELECTED EACH OF TWELVE NOMINEES TO BOARD FOR A ONE-YEAR TERM; 04/04/2018 – 3M CO – KRISTEN LUDGATE IS APPOINTED SENIOR VICE PRESIDENT, HUMAN RESOURCES, EFFECTIVE JULY 1, 2018; 03/05/2018 – 3M’s New Single-Patient Stethoscope Fills Immense Auscultation Quality Gap for Clinicians Treating Patients in Isolation; 24/04/2018 – 3M 1Q 2018 CAPEX $304M; 22/03/2018 – ENN ENERGY FY REV. 3M YUAN, EST. 43.65B YUAN

Vaughan David Investments Inc, which manages about $1.81B and $2.11B US Long portfolio, upped its stake in Genuine Parts Co (NYSE:GPC) by 5,280 shares to 226,714 shares, valued at $20.37M in 2018Q1, according to the filing. It also increased its holding in Xcel Energy (NYSE:XEL) by 10,650 shares in the quarter, for a total of 517,279 shares, and has risen its stake in Aflac Inc (NYSE:AFL).

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M: Buy The Dip” on May 30, 2018, also Seekingalpha.com with their article: “3M Company: Time To Break Up This Giant?” published on June 09, 2018, Livetradingnews.com published: “3M Company (NYSE:MMM) Stock Worth Watching” on May 23, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Fool.com and their article: “The 1 Reason to Avoid 3M Company’s Stock” published on June 06, 2018 as well as Seekingalpha.com‘s news article titled: “The Market Needs A Glum Index – Cramer’s Mad Money (6/18/18)” with publication date: June 19, 2018.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 earnings per share, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56 billion for 19.41 P/E if the $2.63 EPS becomes a reality. After $2.50 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

Investors sentiment decreased to 0.77 in 2018 Q1. Its down 0.06, from 0.83 in 2017Q4. It is negative, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. Anderson Hoagland & Comm has 7,109 shares. Farmers Merchants Invests reported 43,603 shares stake. Oakworth Cap invested 0.35% in 3M Company (NYSE:MMM). Monarch Mgmt holds 2.25% of its portfolio in 3M Company (NYSE:MMM) for 26,686 shares. Liberty Cap Mngmt has invested 0.32% of its portfolio in 3M Company (NYSE:MMM). Quantbot Techs Ltd Partnership accumulated 177 shares or 0% of the stock. Marco Investment Mgmt Ltd Liability holds 0.16% or 4,755 shares in its portfolio. Blue Bell Private Wealth Ltd Liability Corporation has invested 0.24% of its portfolio in 3M Company (NYSE:MMM). 13,279 are owned by Interocean Cap Ltd Liability. 5,364 were accumulated by Rosenbaum Jay D. Prtn Limited Oh Adv invested in 0.32% or 1,945 shares. Moreover, Macquarie Group Inc Ltd has 0.03% invested in 3M Company (NYSE:MMM) for 73,326 shares. Harvest Management Inc accumulated 3,184 shares or 0.27% of the stock. Evermay Wealth Llc invested 0.43% in 3M Company (NYSE:MMM). Torch Wealth Limited Liability Corp holds 0.14% of its portfolio in 3M Company (NYSE:MMM) for 975 shares.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, July 19. The rating was maintained by RBC Capital Markets on Friday, October 23 with “Underperform”. Hilliard Lyons upgraded 3M Company (NYSE:MMM) on Wednesday, January 24 to “Buy” rating. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Barclays Capital on Friday, April 28. The firm has “Hold” rating given on Friday, September 15 by RBC Capital Markets. On Wednesday, October 25 the stock rating was maintained by Credit Suisse with “Outperform”. Argus Research maintained the stock with “Buy” rating in Wednesday, April 25 report. The firm has “Underperform” rating given on Wednesday, December 16 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Monday, July 10. The rating was downgraded by Goldman Sachs on Monday, November 21 to “Sell”.

Since January 31, 2018, it had 0 insider purchases, and 16 sales for $30.99 million activity. Shin Hak Cheol also sold $1.68M worth of 3M Company (NYSE:MMM) on Thursday, February 1. Another trade for 225 shares valued at $56,178 was sold by Vrohidis Ippocratis. Gangestad Nicholas C sold $419,846 worth of 3M Company (NYSE:MMM) on Thursday, February 1. Another trade for 6,243 shares valued at $1.54M was made by Vale Michael G. on Friday, February 2. Shares for $700,790 were sold by Bauman James L on Friday, February 2. 3,133 shares valued at $742,051 were sold by Little Frank R Jr. on Friday, February 23.

Investors sentiment increased to 1.08 in Q1 2018. Its up 0.12, from 0.96 in 2017Q4. It improved, as 41 investors sold PLAY shares while 66 reduced holdings. 39 funds opened positions while 77 raised stakes. 42.12 million shares or 4.33% less from 44.03 million shares in 2017Q4 were reported. Great West Life Assurance Can reported 53,970 shares stake. Water Island Cap Ltd Liability Corp reported 82,500 shares. 172,751 are held by Susquehanna Intl Group Inc Llp. Cap Fund Mgmt Sa has 0.08% invested in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) for 326,024 shares. Mason Street Ltd Liability reported 11,289 shares. First National Bank & Trust Of Omaha reported 19,025 shares. Moreover, Amalgamated Savings Bank has 0.01% invested in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Alps Advsrs has invested 0% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Principal holds 0.01% or 345,155 shares in its portfolio. 3,400 are owned by Dubuque State Bank Trust. Putnam Invests Limited Liability Corporation has invested 0.02% of its portfolio in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Cohen Capital holds 0.18% or 18,125 shares. Moneta Advsr Lc holds 0% of its portfolio in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) for 10 shares. Citigroup holds 12,957 shares. Regions has 0% invested in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) for 8,469 shares.

Among 10 analysts covering Dave & Buster's Entertainment (NASDAQ:PLAY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dave & Buster's Entertainment had 48 analyst reports since September 9, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Monday, April 2 with “Buy”. Canaccord Genuity maintained Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) rating on Friday, October 20. Canaccord Genuity has “Buy” rating and $72.0 target. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, April 4. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, September 6. The firm has “Buy” rating given on Tuesday, April 17 by Maxim Group. The stock of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) earned “Buy” rating by Maxim Group on Thursday, August 24. The firm has “Buy” rating given on Wednesday, September 9 by Jefferies. As per Friday, June 2, the company rating was maintained by Maxim Group. On Wednesday, June 7 the stock rating was maintained by Canaccord Genuity with “Buy”. The rating was maintained by Canaccord Genuity with “Buy” on Sunday, November 26.

More notable recent Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) news were published by: Seekingalpha.com which released: “Stocks To Watch: Don’t Sleep On Vienna” on June 16, 2018, also Nasdaq.com with their article: “Dave & Buster’s Entertainment, Inc. to Report First Quarter 2018 Financial Results on June 11, 2018” published on May 29, 2018, Benzinga.com published: “Analysts Rave About Dave & Buster’s Amid Q1 Earnings, ‘Jurassic World’ VR Launch” on June 12, 2018. More interesting news about Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) were released by: Nasdaq.com and their article: “It’s Fun and Games for Dave & Buster’s Entertainment Inc” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Focus On E3, IHOP/b And The World Cup” with publication date: June 09, 2018.

New York State Teachers Retirement System, which manages about $41.07B US Long portfolio, decreased its stake in Synchrony Financial (NYSE:SYF) by 65,904 shares to 1.18M shares, valued at $39.65M in 2018Q1, according to the filing. It also reduced its holding in Northrop Grumman Corp (NYSE:NOC) by 1,600 shares in the quarter, leaving it with 275,150 shares, and cut its stake in American Express Co (NYSE:AXP).

3M Company (NYSE:MMM) Institutional Positions Chart

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