Intech Investment Management LLC grew its stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 68.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,215 shares of the restaurant operator's stock after acquiring an additional 14,759 shares during the period. Intech Investment Management LLC owned about 0.09% of Dave & Buster's Entertainment worth $1,057,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clare Market Investments LLC purchased a new position in Dave & Buster's Entertainment during the fourth quarter worth $540,000. Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in Dave & Buster's Entertainment by 19.0% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator's stock valued at $311,000 after purchasing an additional 1,700 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Dave & Buster's Entertainment during the 4th quarter worth about $3,677,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Dave & Buster's Entertainment by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator's stock worth $13,775,000 after buying an additional 9,733 shares in the last quarter. Finally, DJE Kapital AG acquired a new position in shares of Dave & Buster's Entertainment in the fourth quarter valued at approximately $725,000. Institutional investors and hedge funds own 91.45% of the company's stock.
Analysts Set New Price Targets
PLAY has been the topic of a number of analyst reports. William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. Truist Financial cut their price objective on shares of 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. Loop Capital lowered their target price 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 cut their price target on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. Finally, Gordon Haskett reiterated a "hold" rating and issued a $34.00 price target (down previously from $40.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $46.67.
Get Our Latest Research Report on Dave & Buster's Entertainment
Dave & Buster's Entertainment Trading Down 2.6 %
PLAY stock traded down $0.52 during midday trading on Wednesday, reaching $19.73. 816,840 shares of the company's stock traded hands, compared to its average volume of 1,466,589. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. Dave & Buster's Entertainment Inc has a fifty-two week low of $17.02 and a fifty-two week high of $69.82. The business has a 50-day moving average price of $23.25 and a two-hundred day moving average price of $30.00. The company has a market capitalization of $759.66 million, a P/E ratio of 9.77 and a beta of 2.17.
About Dave & Buster's Entertainment
(
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.
Featured Stories
Before you consider Dave & Buster's Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dave & Buster's Entertainment wasn't on the list.
While Dave & Buster's Entertainment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
