125,980 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 4th quarter, Holdings Channel.com reports. The firm acquired 125,980 shares of the restaurant operator’s stock, valued at approximately $3,677,000.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Dave & Buster’s Entertainment by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator’s stock worth $13,775,000 after acquiring an additional 9,733 shares during the last quarter. DJE Kapital AG acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter worth $725,000. SBI Securities Co. Ltd. bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter worth $47,000. NewEdge Wealth LLC grew its holdings in shares of Dave & Buster’s Entertainment by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after buying an additional 85,820 shares during the period. Finally, Illinois Municipal Retirement Fund increased its position in shares of Dave & Buster’s Entertainment by 34.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator’s stock valued at $662,000 after buying an additional 5,854 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $19.83 on Friday. The stock has a 50 day simple moving average of $23.04 and a 200 day simple moving average of $29.86. The stock has a market cap of $763.51 million, a P/E ratio of 9.82 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a 1-year low of $17.02 and a 1-year high of $69.82. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

Analyst Upgrades and Downgrades

PLAY has been the topic of a number of research analyst reports. Truist Financial dropped 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. 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. BMO Capital Markets cut their price target on shares of 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. Loop Capital reduced their price target on shares of 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. Finally, William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and an average price target 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.