Diametric Capital LP Sells 40,345 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Diametric Capital LP lowered its stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 83.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,070 shares of the restaurant operator's stock after selling 40,345 shares during the quarter. Diametric Capital LP's holdings in Dave & Buster's Entertainment were worth $236,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NewEdge Wealth LLC grew its position in shares of Dave & Buster's Entertainment by 13.4% during the 4th 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 period. Boston Partners lifted its stake in Dave & Buster's Entertainment by 132.5% in the fourth 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. grew its holdings in 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 valued at $13,775,000 after purchasing an additional 9,733 shares during the period. SG Americas Securities LLC increased its position in Dave & Buster's Entertainment by 1,100.8% in the fourth 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. raised its stake in shares of Dave & Buster's Entertainment by 6.8% in 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. Hedge funds and other institutional investors own 91.45% of the company's stock.

Analyst Upgrades and Downgrades

PLAY has been the subject of several research reports. Truist Financial cut their price target on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research note on Wednesday. BMO Capital Markets reduced their target price on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. 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. Finally, William Blair reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $40.60.

Dave & Buster's Entertainment Price Performance

NASDAQ PLAY traded down $0.17 on Friday, hitting $16.83. The stock had a trading volume of 1,826,894 shares, compared to its average volume of 1,459,525. The firm has a 50-day moving average of $22.02 and a 200-day moving average of $29.29. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster's Entertainment Inc has a 52-week low of $15.50 and a 52-week high of $65.38. The company has a market capitalization of $648.01 million, a price-to-earnings ratio of 8.33 and a beta of 1.86.

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.