Kazazian Asset Management LLC Invests $3.20 Million in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Kazazian Asset Management LLC acquired a new position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 109,755 shares of the restaurant operator's stock, valued at approximately $3,204,000. Dave & Buster's Entertainment comprises about 2.4% of Kazazian Asset Management LLC's investment portfolio, making the stock its 9th largest holding. Kazazian Asset Management LLC owned approximately 0.29% of Dave & Buster's Entertainment at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of Dave & Buster's Entertainment during the 3rd quarter worth about $47,000. SBI Securities Co. Ltd. acquired a new position in shares of Dave & Buster's Entertainment during the 4th quarter worth about $47,000. KBC Group NV lifted its position in shares of Dave & Buster's Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 885 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Dave & Buster's Entertainment during the 3rd quarter worth about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Dave & Buster's Entertainment during the 3rd quarter worth about $144,000. Institutional investors and hedge funds own 91.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Loop Capital cut their price target on 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 Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating for the company in a report on Wednesday, December 11th. Gordon Haskett reaffirmed 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. William Blair reaffirmed a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Finally, Truist Financial cut their price target on Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus price target of $46.67.

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Dave & Buster's Entertainment Price Performance

NASDAQ PLAY traded up $0.55 during trading hours on Friday, reaching $19.87. 1,394,679 shares of the company's stock were exchanged, compared to its average volume of 1,473,974. The stock has a market cap of $765.05 million, a PE ratio of 9.84 and a beta of 2.17. Dave & Buster's Entertainment Inc has a one year low of $17.02 and a one year high of $69.82. The firm has a fifty day moving average of $23.46 and a 200-day moving average of $30.14. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

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.