Raymond James & Associates Decreases Stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Raymond James & Associates lowered its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 43.9% in the 4th quarter, Holdings Channel reports. The firm owned 77,518 shares of the restaurant operator’s stock after selling 60,746 shares during the period. Raymond James & Associates’ holdings in Dave & Buster’s Entertainment were worth $4,174,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC purchased a new position in shares of Dave & Buster’s Entertainment in the first quarter worth $32,000. Captrust Financial Advisors raised its stake in shares of Dave & Buster’s Entertainment by 221.8% in the first quarter. Captrust Financial Advisors now owns 2,301 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 1,586 shares during the last quarter. Point72 Middle East FZE purchased a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth $93,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Dave & Buster’s Entertainment in the third quarter worth $101,000. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Dave & Buster’s Entertainment by 8.1% in the second quarter. Ameritas Investment Partners Inc. now owns 3,583 shares of the restaurant operator’s stock worth $160,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PLAY shares. TheStreet upgraded Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd. Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, March 25th. StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS Group upped their price objective on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.21.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $60.73 on Friday. The stock has a 50-day simple moving average of $61.38 and a two-hundred day simple moving average of $49.44. Dave & Buster’s Entertainment Inc has a 52-week low of $31.65 and a 52-week high of $69.82. The company has a debt-to-equity ratio of 5.11, a quick ratio of 0.23 and a current ratio of 0.32. The firm has a market capitalization of $2.45 billion, a PE ratio of 21.61 and a beta of 2.08.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the sale, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the sale, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $48.25, for a total value of $361,875.00. Following the sale, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at approximately $2,756,619. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,527 shares of company stock valued at $3,554,258. Company insiders own 1.60% of the company’s stock.

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.