New York State Teachers Retirement System Decreases Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

New York State Teachers Retirement System trimmed its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,548 shares of the restaurant operator’s stock after selling 3,200 shares during the quarter. New York State Teachers Retirement System’s holdings in Dave & Buster’s Entertainment were worth $3,691,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PLAY. Lazard Asset Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at approximately $32,000. FSC Wealth Advisors LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at approximately $45,000. Jefferies Financial Group Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at approximately $55,000. Point72 Middle East FZE purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at approximately $93,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $101,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $56.09 on Monday. The company has a fifty day simple moving average of $61.40 and a two-hundred day simple moving average of $49.77. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 19.96 and a beta of 2.08. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 5.11. Dave & Buster’s Entertainment Inc has a 52 week low of $31.65 and a 52 week high of $69.82.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PLAY. Jefferies Financial Group lifted their price target on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. BMO Capital Markets lifted their price target on shares of Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. StockNews.com raised shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. TheStreet upgraded shares of Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd. Finally, Piper Sandler reiterated a “neutral” rating and issued a $71.00 target price (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.21.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $66.58, for a total value of $2,851,221.92. Following the completion of the transaction, the senior vice president now owns 57,132 shares in the company, valued at $3,803,848.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the transaction, the director now owns 33,546 shares in the company, valued at $2,199,611.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the completion of the transaction, the senior vice president now owns 57,132 shares of the company’s stock, valued at approximately $3,803,848.56. The disclosure for this sale can be found here. Insiders sold a total of 55,527 shares of company stock worth $3,554,258 over the last 90 days. 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.