SBI Securities Co. Ltd. Buys Shares of 1,601 Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

SBI Securities Co. Ltd. purchased a new position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,601 shares of the restaurant operator’s stock, valued at approximately $47,000.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $47,000. KBC Group NV raised its position in shares of Dave & Buster’s Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 885 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth $121,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $144,000. Finally, Quantbot Technologies LP acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at $196,000. Institutional investors own 91.45% of the company’s stock.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 19,025 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the purchase, the chief executive officer now directly owns 69,025 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY opened at $20.81 on Tuesday. The business’s 50 day moving average is $25.42 and its 200-day moving average is $30.95. 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 firm has a market capitalization of $801.25 million, a PE ratio of 10.30 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a 1-year low of $18.27 and a 1-year high of $69.82.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Loop Capital cut 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 report on Thursday, December 12th. William Blair restated 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 Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. BMO Capital Markets cut their price target on 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. Finally, Gordon Haskett restated a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus target price of $46.67.

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.