Prudential Financial Inc. Sells 726,050 Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Prudential Financial Inc. reduced its stake in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 83.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 139,579 shares of the restaurant operator's stock after selling 726,050 shares during the period. Prudential Financial Inc. owned approximately 0.36% of Dave & Buster's Entertainment worth $4,074,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Dave & Buster's Entertainment during the third quarter valued at about $47,000. SBI Securities Co. Ltd. bought a new position in Dave & Buster's Entertainment during the fourth quarter valued at approximately $47,000. KBC Group NV grew its holdings 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. Point72 Hong Kong Ltd bought a new stake in Dave & Buster's Entertainment in the 3rd quarter worth approximately $121,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Dave & Buster's Entertainment during the 3rd quarter worth approximately $144,000. 91.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Truist Financial cut their target price on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a report on Wednesday. BMO Capital Markets dropped their price objective 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 decreased their target price 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. William Blair reaffirmed a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Finally, Gordon Haskett reissued a "hold" rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.67.

Remove Ads

Dave & Buster's Entertainment Trading Down 8.1 %

NASDAQ:PLAY traded down $1.49 during mid-day trading on Thursday, hitting $17.00. 1,725,871 shares of the stock traded hands, compared to its average volume of 1,459,501. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster's Entertainment Inc has a 52 week low of $16.66 and a 52 week high of $68.63. The stock has a market capitalization of $654.55 million, a price-to-earnings ratio of 8.42 and a beta of 1.86. The firm's 50 day moving average is $22.48 and its two-hundred day moving average is $29.50.

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.