Raymond James Financial Inc. Purchases Shares of 125,980 Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Raymond James Financial Inc. acquired a new stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 125,980 shares of the restaurant operator's stock, valued at approximately $3,677,000. Raymond James Financial Inc. owned about 0.33% of Dave & Buster's Entertainment at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its position in shares of Dave & Buster's Entertainment by 1,100.8% during the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock worth $12,405,000 after buying an additional 389,577 shares during the period. NewEdge Wealth LLC grew its holdings in Dave & Buster's Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after purchasing an additional 85,820 shares during the period. Clearline Capital LP acquired a new position in Dave & Buster's Entertainment during the third quarter valued at approximately $2,088,000. Verition Fund Management LLC bought a new stake in Dave & Buster's Entertainment in the third quarter valued at approximately $1,226,000. Finally, XTX Topco Ltd raised its holdings in Dave & Buster's Entertainment by 171.5% in the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator's stock worth $1,832,000 after purchasing an additional 33,988 shares during the period. Institutional investors and hedge funds own 91.45% of the company's stock.

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Dave & Buster's Entertainment Stock Down 6.9 %

NASDAQ:PLAY traded down $1.30 during trading hours on Monday, reaching $17.57. 1,329,850 shares of the stock were exchanged, compared to its average volume of 1,483,280. The stock has a market cap of $676.50 million, a PE ratio of 8.70 and a beta of 2.17. Dave & Buster's Entertainment Inc has a twelve month low of $17.02 and a twelve month high of $69.82. The firm has a 50 day moving average of $22.81 and a 200 day moving average of $29.67. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Wall Street Analysts Forecast Growth

PLAY has been the subject of several research analyst reports. Loop Capital decreased their price target on shares of Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, December 12th. BMO Capital Markets lowered their price target on Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th. William Blair reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Truist Financial lowered their target price on Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, January 16th. Finally, Gordon Haskett reaffirmed a "hold" rating and issued a $34.00 price target (down previously from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Dave & Buster's Entertainment presently has a consensus rating of "Hold" and an average price target of $46.67.

About Dave & Buster's Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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.