DJE Kapital AG Invests $725,000 in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

DJE Kapital AG acquired a new position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,800 shares of the restaurant operator’s stock, valued at approximately $725,000.

Several other institutional investors and hedge funds have also made changes to their positions in PLAY. Easterly Investment Partners LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $1,176,000. GDS Wealth Management lifted its stake in shares of Dave & Buster’s Entertainment by 3.3% during the third quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock worth $518,000 after buying an additional 488 shares during the period. LMR Partners LLP purchased a new position in shares of Dave & Buster’s Entertainment during the third quarter worth $3,167,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Dave & Buster’s Entertainment during the third quarter worth $1,949,000. Finally, Intech Investment Management LLC raised its holdings in shares of Dave & Buster’s Entertainment by 171.4% during the third quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock worth $731,000 after purchasing an additional 13,550 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLAY has been the subject of several recent research reports. BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Loop Capital reduced their target price 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. Gordon Haskett reissued a “hold” rating and set a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. 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 report on Thursday, January 16th. Finally, William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus price target of $51.43.

Dave & Buster’s Entertainment Stock Down 8.4 %

PLAY opened at $19.14 on Tuesday. Dave & Buster’s Entertainment Inc has a fifty-two week low of $19.07 and a fifty-two week high of $69.82. 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 company has a fifty day moving average of $26.40 and a two-hundred day moving average of $31.40. The stock has a market capitalization of $736.95 million, a price-to-earnings ratio of 9.48 and a beta of 2.17.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan bought 19,025 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was 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 of the company’s stock, valued at approximately $1,825,021. This trade represents a 38.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment Company Profile

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.