American Century Companies Inc. Lowers Position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

American Century Companies Inc. lowered its stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 695,459 shares of the restaurant operator's stock after selling 933,566 shares during the quarter. American Century Companies Inc. owned 1.81% of Dave & Buster's Entertainment worth $20,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PLAY. NewEdge Wealth LLC increased its position in shares of 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 acquiring an additional 85,820 shares during the last quarter. Boston Partners increased its position in shares of Dave & Buster's Entertainment by 132.5% during the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after purchasing an additional 323,595 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Dave & Buster's Entertainment by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator's stock worth $13,775,000 after purchasing an additional 9,733 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Dave & Buster's Entertainment by 1,100.8% in 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 last quarter. Finally, Hennessy Advisors Inc. grew its position in Dave & Buster's Entertainment by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator's stock valued at $4,580,000 after buying an additional 10,000 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

PLAY has been the topic of several research analyst reports. Truist Financial dropped their price objective on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research note on Wednesday. Loop Capital lowered their price target on shares of Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Gordon Haskett reaffirmed a "hold" rating and issued a $34.00 price objective (down from $40.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. William Blair reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Finally, BMO Capital Markets dropped their target price on Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dave & Buster's Entertainment presently has a consensus rating of "Hold" and an average price target of $45.67.

Dave & Buster's Entertainment Stock Down 8.1 %

Shares of NASDAQ:PLAY traded down $1.49 on Thursday, hitting $17.00. 1,725,871 shares of the company traded hands, compared to its average volume of 1,459,504. The stock has a 50 day simple moving average of $22.24 and a 200-day simple moving average of $29.41. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company has a market cap of $654.55 million, a PE ratio of 8.42 and a beta of 1.86. Dave & Buster's Entertainment Inc has a 52 week low of $16.64 and a 52 week high of $68.63.

Dave & Buster's Entertainment Company Profile

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.