Louisiana State Employees Retirement System Acquires New Stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Louisiana State Employees Retirement System acquired a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 17,200 shares of the restaurant operator’s stock, valued at approximately $926,000.

A number of other large investors have also added to or reduced their stakes in PLAY. FSC Wealth Advisors LLC purchased a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at about $45,000. DekaBank Deutsche Girozentrale purchased a new stake in Dave & Buster’s Entertainment during the third quarter valued at about $101,000. CenterBook Partners LP purchased a new stake in Dave & Buster’s Entertainment during the third quarter valued at about $222,000. Whitaker Myers Wealth Managers LTD. purchased a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at about $261,000. Finally, Clearview Wealth Advisors LLC raised its position in Dave & Buster’s Entertainment by 76,760.0% during the third quarter. Clearview Wealth Advisors LLC now owns 7,686 shares of the restaurant operator’s stock valued at $285,000 after purchasing an additional 7,676 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Down 2.8 %

PLAY opened at $51.85 on Friday. Dave & Buster’s Entertainment Inc has a 12 month low of $31.65 and a 12 month high of $69.82. The company has a market cap of $2.09 billion, a P/E ratio of 18.45 and a beta of 2.08. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 5.11. The business’s 50-day moving average price is $60.77 and its 200-day moving average price is $50.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PLAY shares. Piper Sandler restated a “neutral” rating and set a $71.00 price target (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Jefferies Financial Group raised their price target on 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. Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Monday, March 25th. UBS Group lifted their price objective on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Finally, Truist Financial lifted their price objective on Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus target price of $69.21.

Insider Activity at Dave & Buster’s Entertainment

In related 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 transaction, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 57,132 shares in the company, valued at approximately $3,803,848.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the transaction, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. 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.