Diametric Capital LP cut its holdings in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 83.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,070 shares of the restaurant operator's stock after selling 40,345 shares during the period. Diametric Capital LP's holdings in Dave & Buster's Entertainment were worth $236,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in PLAY. NewEdge Wealth LLC increased its stake in Dave & Buster's Entertainment by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after buying an additional 85,820 shares during the last quarter. Boston Partners grew its holdings in shares of Dave & Buster's Entertainment by 132.5% in the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after acquiring an additional 323,595 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dave & Buster's Entertainment by 2.1% in 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 acquiring an additional 9,733 shares during the last quarter. SG Americas Securities LLC raised its holdings in Dave & Buster's Entertainment by 1,100.8% during the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock worth $12,405,000 after acquiring an additional 389,577 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its stake in 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 purchasing an additional 10,000 shares in the last quarter. Institutional investors own 91.45% of the company's stock.
Dave & Buster's Entertainment Price Performance
NASDAQ:PLAY traded down $0.17 during trading hours on Friday, hitting $16.83. The company's stock had a trading volume of 1,826,894 shares, compared to its average volume of 1,460,963. The company has a market capitalization of $648.01 million, a P/E ratio of 8.33 and a beta of 1.86. 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 stock has a fifty day simple moving average of $22.24 and a 200-day simple moving average of $29.41. Dave & Buster's Entertainment Inc has a twelve month low of $15.51 and a twelve month high of $68.63.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on PLAY. 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. William Blair reaffirmed a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. 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 research note on Wednesday, December 11th. BMO Capital Markets lowered their price objective 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, Loop Capital cut their price objective on Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. One investment 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, the company currently has a consensus rating of "Hold" and a consensus target price of $45.67.
Read Our Latest Analysis on Dave & Buster's Entertainment
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.
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