Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Acquired by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 19.0% in the fourth quarter, Holdings Channel reports. The firm owned 10,640 shares of the restaurant operator’s stock after buying an additional 1,700 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Dave & Buster’s Entertainment were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. XTX Topco Ltd grew its holdings in shares of Dave & Buster’s Entertainment by 171.5% during the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after buying an additional 33,988 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dave & Buster’s Entertainment by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after purchasing an additional 15,015 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Dave & Buster’s Entertainment by 2.3% during the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after purchasing an additional 3,494 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock worth $21,235,000 after purchasing an additional 85,820 shares during the period. Finally, LMR Partners LLP purchased a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at $3,167,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLAY. Truist Financial reduced their target price on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. BMO Capital Markets cut their target price on 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 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. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, Gordon Haskett reaffirmed a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.67.

Insider Activity

In related news, CEO Kevin M. Sheehan acquired 19,025 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $26.44 per share, with a total value of $503,021.00. Following the completion of the purchase, the chief executive officer now directly owns 69,025 shares in the company, valued at approximately $1,825,021. The trade was a 38.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $19.30 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The stock has a market cap of $743.11 million, a price-to-earnings ratio of 9.55 and a beta of 2.17. The company’s 50-day moving average price is $25.57 and its 200 day moving average price is $31.03. Dave & Buster’s Entertainment Inc has a 52 week low of $18.27 and a 52 week high of $69.82.

About Dave & Buster’s Entertainment

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.