UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.99 Million Stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 78.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 58,558 shares of the restaurant operator’s stock after selling 214,977 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Dave & Buster’s Entertainment worth $1,994,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in Dave & Buster’s Entertainment by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock valued at $645,000 after acquiring an additional 300 shares during the period. GDS Wealth Management grew its holdings in shares of Dave & Buster’s Entertainment by 3.3% during the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock worth $518,000 after purchasing an additional 488 shares in the last quarter. Kimelman & Baird LLC bought a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at approximately $28,000. Cerity Partners LLC raised its stake in shares of Dave & Buster’s Entertainment by 3.2% in the third quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock valued at $790,000 after purchasing an additional 710 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp raised its stake in shares of Dave & Buster’s Entertainment by 21.4% in the second quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after purchasing an additional 1,217 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Loop Capital lowered their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday. Benchmark assumed coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating for the company. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.38.

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan purchased 37,735 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $25.48 per share, with a total value of $961,487.80. Following the completion of the acquisition, the chief executive officer now directly owns 139,011 shares in the company, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Daniel Morris acquired 14,912 shares of Dave & Buster’s Entertainment stock in a transaction on Monday, October 7th. The shares were purchased at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the acquisition, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. This represents a 21.63 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Stock Up 7.8 %

Shares of NASDAQ PLAY opened at $27.48 on Monday. The firm’s 50-day simple moving average is $36.31 and its 200 day simple moving average is $36.62. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 13.60 and a beta of 2.13. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment Inc has a 12-month low of $25.00 and a 12-month high of $69.82.

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.