Clare Market Investments LLC acquired a new stake in shares of 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 and Exchange Commission. The institutional investor acquired 18,500 shares of the restaurant operator's stock, valued at approximately $540,000.
Other hedge funds have also modified their holdings of the company. Quarry LP acquired a new position in shares of Dave & Buster's Entertainment in the 3rd quarter valued at $47,000. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster's Entertainment during the fourth quarter valued at about $47,000. KBC Group NV boosted its holdings in shares of Dave & Buster's Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after buying an additional 885 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Dave & Buster's Entertainment in the third quarter worth approximately $121,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Dave & Buster's Entertainment in the third quarter worth approximately $144,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
PLAY has been the subject of several research analyst reports. BMO Capital Markets reduced their price target on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. 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. Gordon Haskett restated a "hold" rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster's Entertainment 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. Finally, Truist Financial lowered their target price on Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $46.67.
Get Our Latest Analysis on Dave & Buster's Entertainment
Dave & Buster's Entertainment Stock Performance
Dave & Buster's Entertainment stock traded up $0.66 during trading hours on Wednesday, hitting $19.36. The company had a trading volume of 672,607 shares, compared to its average volume of 1,451,454. Dave & Buster's Entertainment Inc has a one year low of $18.26 and a one year high of $69.82. The firm has a 50-day moving average of $25.21 and a 200 day moving average of $30.85. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The firm has a market cap of $745.23 million, a PE ratio of 9.58 and a beta of 2.17.
Insiders Place Their Bets
In other Dave & Buster's Entertainment news, CEO Kevin M. Sheehan bought 19,025 shares of Dave & Buster's Entertainment stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $26.44 per share, with a total value of $503,021.00. Following the acquisition, the chief executive officer now directly owns 69,025 shares of the company's stock, valued at $1,825,021. The trade was a 38.05 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company's stock.
Dave & Buster's Entertainment Profile
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Free Report)
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.
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