Kazazian Asset Management LLC Acquires New Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Kazazian Asset Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 109,755 shares of the restaurant operator’s stock, valued at approximately $3,204,000. Dave & Buster’s Entertainment comprises about 2.4% of Kazazian Asset Management LLC’s portfolio, making the stock its 9th largest position. Kazazian Asset Management LLC owned about 0.29% of Dave & Buster’s Entertainment as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Clare Market Investments LLC bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $540,000. XTX Topco Ltd raised its stake 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 valued at $1,832,000 after acquiring an additional 33,988 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Dave & Buster’s Entertainment by 3.4% during the third 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 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 valued at $4,480,000 after acquiring an additional 3,494 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Dave & Buster’s Entertainment during the fourth quarter worth $47,000. Institutional investors own 91.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PLAY shares. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Truist Financial lowered 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. Loop Capital lowered 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 research note 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 research note on Wednesday, December 11th. Finally, BMO Capital Markets lowered 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 research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.67.

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the acquisition, the chief executive officer now owns 69,025 shares of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Trading Down 1.3 %

NASDAQ:PLAY opened at $18.68 on Wednesday. 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 capitalization of $719.24 million, a price-to-earnings ratio of 9.25 and a beta of 2.17. The firm has a fifty day simple moving average of $24.05 and a two-hundred day simple moving average of $30.38. Dave & Buster’s Entertainment Inc has a 12 month low of $17.02 and a 12 month 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.