SG Americas Securities LLC increased its position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 1,100.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 424,967 shares of the restaurant operator's stock after buying an additional 389,577 shares during the quarter. SG Americas Securities LLC owned about 1.10% of Dave & Buster's Entertainment worth $12,405,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Kimelman & Baird LLC acquired a new stake in Dave & Buster's Entertainment during the 2nd quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Dave & Buster's Entertainment during the third quarter worth $47,000. Point72 Hong Kong Ltd purchased a new position in Dave & Buster's Entertainment in the 3rd quarter valued at $121,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Dave & Buster's Entertainment in the 3rd quarter valued at $144,000. Finally, Quantbot Technologies LP purchased a new position in Dave & Buster's Entertainment during the 3rd quarter worth $196,000. Institutional investors and hedge funds own 91.45% of the company's stock.
Dave & Buster's Entertainment Stock Down 4.0 %
Shares of PLAY stock traded down $1.15 during trading hours on Friday, hitting $27.69. 621,826 shares of the company were exchanged, compared to its average volume of 2,070,058. 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 stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 13.73 and a beta of 2.17. Dave & Buster's Entertainment Inc has a one year low of $22.83 and a one year high of $69.82. The business's 50-day simple moving average is $31.08 and its two-hundred day simple moving average is $33.50.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on PLAY shares. Benchmark began coverage on shares of Dave & Buster's Entertainment in a research note on Monday, October 7th. They set a "hold" rating on the stock. Gordon Haskett reissued a "hold" rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Truist Financial cut their price objective on Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating for the company in a research report on Thursday, January 16th. BMO Capital Markets decreased their target price on shares of 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. Finally, William Blair reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $52.25.
Check Out Our Latest Analysis on PLAY
Insider Transactions at Dave & Buster's Entertainment
In other Dave & Buster's Entertainment news, CEO Kevin M. Sheehan acquired 37,735 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company's stock.
Dave & Buster's Entertainment Profile
(
Free Report)
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.
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