Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its holdings in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 727,491 shares of the restaurant operator's stock after buying an additional 85,820 shares during the period. NewEdge Wealth LLC owned approximately 1.89% of Dave & Buster's Entertainment worth $21,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund increased its position in Dave & Buster's Entertainment by 34.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator's stock valued at $662,000 after buying an additional 5,854 shares in the last quarter. Hussman Strategic Advisors Inc. increased its position in Dave & Buster's Entertainment by 33.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the restaurant operator's stock valued at $1,226,000 after buying an additional 10,500 shares in the last quarter. Principal Financial Group Inc. increased its position in Dave & Buster's Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock valued at $4,480,000 after buying an additional 3,494 shares in the last quarter. Rhumbline Advisers increased its position in Dave & Buster's Entertainment by 3.9% during the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator's stock valued at $2,880,000 after buying an additional 3,730 shares in the last quarter. Finally, KBC Group NV increased its position in 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 valued at $58,000 after buying an additional 885 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Dave & Buster's Entertainment

In related news, CEO Kevin M. Sheehan bought 37,735 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the purchase, the chief executive officer now directly owns 139,011 shares of the company's stock, valued at $3,542,000.28. This represents a 37.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company's stock.

Dave & Buster's Entertainment Stock Performance

Shares of PLAY traded down $0.44 during mid-day trading on Friday, reaching $20.89. The company had a trading volume of 1,795,687 shares, compared to its average volume of 1,592,791. Dave & Buster's Entertainment Inc has a 52-week low of $20.57 and a 52-week high of $69.82. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The stock has a market capitalization of $804.33 million, a P/E ratio of 10.34 and a beta of 2.17. The stock has a 50 day moving average of $26.59 and a two-hundred day moving average of $31.49.

Analyst Ratings Changes

Several research analysts recently issued reports on PLAY shares. BMO Capital Markets reduced their target price on Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. William Blair reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Truist Financial dropped their price target on 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 set 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. Finally, Loop Capital dropped their price target on Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $51.43.

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.