Principal Financial Group Inc. Sells 10,362 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Principal Financial Group Inc. reduced its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,993 shares of the restaurant operator’s stock after selling 10,362 shares during the period. Principal Financial Group Inc. owned about 0.39% of Dave & Buster’s Entertainment worth $5,107,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PLAY. XTX Topco Ltd increased its position in Dave & Buster’s Entertainment by 171.5% in the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after buying an additional 33,988 shares in the last quarter. Systematic Financial Management LP bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $224,000. Quarry LP purchased a new stake in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $47,000. RBF Capital LLC purchased a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $511,000. Finally, Centiva Capital LP bought a new position in shares of Dave & Buster’s Entertainment in the third quarter worth approximately $328,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Trading Up 3.8 %

Shares of PLAY opened at $30.29 on Friday. The stock has a market capitalization of $1.17 billion, a PE ratio of 15.00 and a beta of 2.13. The company’s fifty day moving average is $34.66 and its 200 day moving average is $34.81. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. Dave & Buster’s Entertainment Inc has a fifty-two week low of $25.00 and a fifty-two week high of $69.82.

Analyst Upgrades and Downgrades

PLAY has been the topic of several recent 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 report on Wednesday, December 11th. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Benchmark began coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating for the company. BMO Capital Markets decreased their target price on 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. Finally, Truist Financial restated a “hold” rating and issued a $36.00 price target (down from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Hold” and an average price target of $53.38.

Insider Transactions at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris acquired 14,912 shares of the business’s stock in a transaction on Monday, October 7th. The shares were acquired at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the transaction, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. The trade was a 21.63 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Sheehan bought 19,025 shares of the stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $26.44 per share, with a total value of $503,021.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Insiders have acquired a total of 71,672 shares of company stock worth $1,966,596 in the last three months. Insiders own 1.60% of the company’s stock.

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.