Sei Investments Co. Has $3.40 Million Stock Position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY)

Sei Investments Co. decreased its position in Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 61.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,397 shares of the restaurant operator's stock after selling 188,139 shares during the period. Sei Investments Co. owned 0.30% of Dave & Buster's Entertainment worth $3,398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Dave & Buster's Entertainment by 1,100.8% in the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock valued at $12,405,000 after purchasing an additional 389,577 shares during the last quarter. Boston Partners lifted its holdings in Dave & Buster's Entertainment by 132.5% in the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after buying an additional 323,595 shares during the period. Raymond James Financial Inc. bought a new position in Dave & Buster's Entertainment in the fourth quarter valued at approximately $3,677,000. Kazazian Asset Management LLC acquired a new stake in Dave & Buster's Entertainment during the 4th quarter worth $3,204,000. Finally, NewEdge Wealth LLC raised its position in shares of Dave & Buster's Entertainment by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after acquiring an additional 85,820 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

PLAY has been the topic of several recent research reports. Loop Capital reduced their price target on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday. 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 report 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. Piper Sandler cut their price target on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Gordon Haskett restated a "hold" rating and set a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $35.83.

Dave & Buster's Entertainment Stock Down 0.8 %

NASDAQ PLAY traded down $0.13 during trading hours on Tuesday, reaching $16.06. 4,278,513 shares of the company's stock were exchanged, compared to its average volume of 1,478,848. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The company has a market capitalization of $618.36 million, a price-to-earnings ratio of 7.95 and a beta of 1.86. The company's 50-day moving average is $21.34 and its two-hundred day moving average is $28.94. Dave & Buster's Entertainment Inc has a one year low of $15.08 and a one year high of $64.31.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm's revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal year.

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.