American Century Companies Inc. Sells 933,566 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

American Century Companies Inc. reduced its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 695,459 shares of the restaurant operator’s stock after selling 933,566 shares during the quarter. American Century Companies Inc. owned 1.81% of Dave & Buster’s Entertainment worth $20,300,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PLAY. Quarry LP purchased a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth approximately $47,000. SBI Securities Co. Ltd. bought a new position in Dave & Buster’s Entertainment in the fourth quarter worth approximately $47,000. KBC Group NV boosted its position in 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 acquiring an additional 885 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $144,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $18.87 on Monday. The business has a fifty day moving average of $22.94 and a 200 day moving average of $29.77. Dave & Buster’s Entertainment Inc has a 1 year low of $17.02 and a 1 year high of $69.82. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The firm has a market capitalization of $726.55 million, a price-to-earnings ratio of 9.34 and a beta of 2.17.

Wall Street Analysts Forecast Growth

PLAY has been the topic of a number of recent research reports. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Gordon Haskett reaffirmed 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 report on Wednesday, December 11th. 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. BMO Capital Markets cut their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, Truist Financial decreased their price objective on 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.67.

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.