DJE Kapital AG Purchases Shares of 25,800 Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

DJE Kapital AG purchased a new position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,800 shares of the restaurant operator's stock, valued at approximately $725,000. DJE Kapital AG owned 0.07% of Dave & Buster's Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PLAY. SG Americas Securities LLC lifted its stake 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 purchasing an additional 389,577 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Dave & Buster's Entertainment during the 3rd quarter worth $3,167,000. NewEdge Wealth LLC boosted its stake in Dave & Buster's Entertainment by 13.4% in the fourth 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 in the last quarter. Clearline Capital LP bought a new position in Dave & Buster's Entertainment in the third quarter valued at about $2,088,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Dave & Buster's Entertainment in the third quarter valued at about $1,949,000. Institutional investors and hedge funds own 91.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. 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 on the stock in a research note on Wednesday, December 11th. William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. Truist Financial decreased their target price on shares of Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Gordon Haskett reiterated a "hold" rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Finally, Loop Capital reduced their price objective on 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $46.67.

Remove Ads

Dave & Buster's Entertainment Trading Down 1.5 %

NASDAQ PLAY traded down $0.29 on Friday, reaching $19.30. The company had a trading volume of 965,845 shares, compared to its average volume of 1,572,942. The firm has a market cap of $743.11 million, a price-to-earnings ratio of 9.55 and a beta of 2.17. 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 $18.27 and a fifty-two week high of $69.82. The business has a 50 day moving average of $25.77 and a two-hundred day moving average of $31.14.

Insider Buying and Selling at Dave & Buster's Entertainment

In other news, CEO Kevin M. Sheehan acquired 19,025 shares of Dave & Buster's Entertainment stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $26.44 per share, with a total value of $503,021.00. Following the purchase, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

Dave & Buster's Entertainment 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.