Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,183 shares of the restaurant operator’s stock after selling 2,376 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Dave & Buster’s Entertainment were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Kimelman & Baird LLC acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at $28,000. Allspring Global Investments Holdings LLC increased its holdings in Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 4,021 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $207,000. Lombard Odier Asset Management USA Corp grew its position in shares of Dave & Buster’s Entertainment by 21.4% during the second quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock worth $275,000 after buying an additional 1,217 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Dave & Buster’s Entertainment in the second quarter worth $315,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $27.48 on Friday. The company’s fifty day moving average is $36.31 and its two-hundred day moving average is $36.70. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.14. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.60 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 52-week low of $25.00 and a 52-week high of $69.82.

Wall Street Analyst Weigh In

PLAY has been the topic of several research analyst reports. Gordon Haskett restated a “hold” rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday. Benchmark initiated coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating on the stock. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Truist Financial reiterated a “hold” rating and issued a $36.00 target price (down from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. Finally, BMO Capital Markets dropped 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $53.38.

Insider Activity

In other news, CEO Kevin M. Sheehan purchased 37,735 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the transaction, the chief executive officer now directly owns 139,011 shares in the company, valued at approximately $3,542,000.28. This represents a 37.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher Daniel Morris acquired 14,912 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were purchased at an average cost of $33.67 per share, with a total value of $502,087.04. Following the acquisition, the chief executive officer now owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This represents a 21.63 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company 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.