Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by Fmr LLC

Fmr LLC lowered its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 14.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,521 shares of the restaurant operator’s stock after selling 585 shares during the period. Fmr LLC’s holdings in Dave & Buster’s Entertainment were worth $120,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in Dave & Buster’s Entertainment in the third quarter valued at $196,000. Cerity Partners LLC increased its position in shares of Dave & Buster’s Entertainment by 3.2% during the third quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock valued at $790,000 after acquiring an additional 710 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 during the period. Intech Investment Management LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 171.4% in the 3rd quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock worth $731,000 after acquiring an additional 13,550 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Dave & Buster’s Entertainment in the third quarter valued at approximately $1,949,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PLAY shares. Benchmark assumed coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating for the company. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Gordon Haskett reiterated a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, Truist Financial restated a “hold” rating and issued a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.38.

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $26.44 per share, with a total value of $503,021.00. Following the completion of the transaction, the chief executive officer now directly owns 69,025 shares in the company, valued at approximately $1,825,021. The trade was a 38.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher Daniel Morris acquired 14,912 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was bought at an average price of $33.67 per share, with a total value of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at $2,823,128.49. This represents a 21.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 71,672 shares of company stock valued at $1,966,596 in the last ninety days. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $27.40 on Monday. The stock has a market cap of $1.05 billion, a P/E ratio of 13.56 and a beta of 2.13. The company has a fifty day simple moving average of $35.82 and a 200-day simple moving average of $35.90. The company has a current ratio of 0.29, a quick ratio of 0.14 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment Inc has a 12-month low of $25.00 and a 12-month high of $69.82.

Dave & Buster’s Entertainment 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.