Great Lakes Advisors LLC Lowers Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Great Lakes Advisors LLC cut its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,347 shares of the restaurant operator’s stock after selling 6,010 shares during the quarter. Great Lakes Advisors LLC’s holdings in Dave & Buster’s Entertainment were worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Cerity Partners LLC grew its holdings in shares of Dave & Buster’s Entertainment by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after purchasing an additional 710 shares during the period. KBC Group NV boosted 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 acquiring an additional 885 shares during the period. Quarry LP purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at about $47,000. SBI Securities Co. Ltd. purchased a new position in Dave & Buster’s Entertainment during the 4th quarter valued at about $47,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in Dave & Buster’s Entertainment by 19.0% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator’s stock valued at $311,000 after acquiring an additional 1,700 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $17.40 on Friday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster’s Entertainment Inc has a fifty-two week low of $17.02 and a fifty-two week high of $69.82. The firm has a market capitalization of $669.95 million, a PE ratio of 8.61 and a beta of 2.17. The stock’s 50-day simple moving average is $24.49 and its 200-day simple moving average is $30.56.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 19,025 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 69,025 shares of the company’s stock, valued at approximately $1,825,021. The trade was a 38.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PLAY shares. Gordon Haskett restated a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Loop Capital lowered their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. BMO Capital Markets reduced their price target 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. Finally, Truist Financial reduced 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 report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.67.

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.