Bank of New York Mellon Corp Lowers Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Bank of New York Mellon Corp cut its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,131 shares of the restaurant operator’s stock after selling 9,345 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.57% of Dave & Buster’s Entertainment worth $6,367,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $47,000. KBC Group NV increased its position in shares of Dave & Buster’s Entertainment by 81.3% during the 4th 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 last quarter. Point72 Hong Kong Ltd bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $121,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $144,000. Finally, Quantbot Technologies LP bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $196,000. 91.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PLAY. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital reduced their price target on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial reduced their price target on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Gordon Haskett restated a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, BMO Capital Markets reduced 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, December 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Dave & Buster’s Entertainment has a consensus rating of “Hold” and an average target price of $46.67.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $17.40 on Monday. The firm has a market cap of $669.95 million, a P/E ratio of 8.61 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a fifty-two week low of $17.02 and a fifty-two week high of $69.82. The business’s 50 day moving average price is $24.49 and its 200-day moving average price is $30.56. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan acquired 19,025 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the transaction, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. This represents a 38.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.