20,473 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Purchased by Cerity Partners LLC

Cerity Partners LLC bought a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,473 shares of the restaurant operator’s stock, valued at approximately $1,102,000.

A number of other institutional investors have also recently made changes to their positions in the stock. FSC Wealth Advisors LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $45,000. Legato Capital Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $432,000. Whitaker Myers Wealth Managers LTD. purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $261,000. Vanguard Group Inc. boosted its holdings in shares of Dave & Buster’s Entertainment by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock valued at $166,166,000 after acquiring an additional 116,402 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Dave & Buster’s Entertainment by 7.0% during the 3rd quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock valued at $74,971,000 after acquiring an additional 132,460 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised 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 report on Wednesday, April 3rd. Truist Financial raised their price objective on shares of Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Jefferies Financial Group raised their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Piper Sandler reissued a “neutral” rating and issued a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. Finally, TheStreet raised shares of Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.21.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $53.70 on Monday. Dave & Buster’s Entertainment Inc has a 12 month low of $31.65 and a 12 month high of $69.82. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 19.11 and a beta of 2.08. The company’s 50 day moving average is $61.21 and its two-hundred day moving average is $50.39. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 5.11.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Mulleady sold 42,824 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 57,132 shares in the company, valued at approximately $3,803,848.56. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

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.