125,980 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 125,980 shares of the restaurant operator’s stock, valued at approximately $3,677,000. Raymond James Financial Inc. owned 0.33% of Dave & Buster’s Entertainment at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. 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 during the period. Charles Schwab Investment Management Inc. increased its holdings 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 worth $15,738,000 after acquiring an additional 15,015 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after acquiring an additional 3,494 shares during the period. SBI Securities Co. Ltd. bought a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at about $47,000. Finally, NewEdge Wealth LLC boosted its stake in Dave & Buster’s Entertainment by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after purchasing an additional 85,820 shares during the period. Institutional investors own 91.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PLAY. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Truist Financial reduced their price objective on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Loop Capital decreased 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 report on Wednesday, December 11th. Finally, Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 price target (down 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, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.67.

Dave & Buster’s Entertainment Trading Up 0.5 %

PLAY stock opened at $19.83 on Friday. 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 cap of $763.51 million, a P/E ratio of 9.82 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a 1-year low of $17.02 and a 1-year high of $69.82. The business’s 50 day moving average is $23.04 and its 200-day moving average is $29.86.

About Dave & Buster’s Entertainment

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.