SBI Securities Co. Ltd. Purchases New Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

SBI Securities Co. Ltd. acquired a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,601 shares of the restaurant operator’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. XTX Topco Ltd raised its holdings in shares of Dave & Buster’s Entertainment by 171.5% in the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock valued at $1,832,000 after buying an additional 33,988 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 acquiring an additional 15,015 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Dave & Buster’s Entertainment by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after acquiring an additional 3,494 shares during the last quarter. NewEdge Wealth LLC lifted its position 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 in the last quarter. Finally, LMR Partners LLP acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter worth approximately $3,167,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 7.8 %

NASDAQ:PLAY opened at $20.81 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment Inc has a 1-year low of $18.27 and a 1-year high of $69.82. The firm has a market capitalization of $801.25 million, a price-to-earnings ratio of 10.30 and a beta of 2.17. The business’s 50-day moving average price is $25.42 and its two-hundred day moving average price is $30.95.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial dropped their price objective on shares of 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 cut 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 note on Wednesday, December 11th. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. 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 report on Wednesday, December 11th. Finally, Loop Capital reduced 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 note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.67.

Insider Activity

In other news, CEO Kevin M. Sheehan purchased 19,025 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $26.44 per share, with a total value of $503,021.00. Following the acquisition, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at approximately $1,825,021. This represents a 38.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.