Corebridge Financial Inc. Sells 1,349 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Corebridge Financial Inc. cut its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,185 shares of the restaurant operator’s stock after selling 1,349 shares during the period. Corebridge Financial Inc.’s holdings in Dave & Buster’s Entertainment were worth $502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewEdge Wealth LLC lifted its position in shares of Dave & Buster’s Entertainment by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after buying an additional 85,820 shares in the last quarter. Boston Partners raised its stake in Dave & Buster’s Entertainment by 132.5% during the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock worth $16,563,000 after acquiring an additional 323,595 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Dave & Buster’s Entertainment by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator’s stock valued at $13,775,000 after purchasing an additional 9,733 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Dave & Buster’s Entertainment by 1,100.8% in the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock worth $12,405,000 after purchasing an additional 389,577 shares during the period. Finally, Hennessy Advisors Inc. increased its stake in shares of Dave & Buster’s Entertainment by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator’s stock worth $4,580,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PLAY shares. Loop Capital lowered their target price on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets lowered their price objective 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. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, Piper Sandler cut their price objective on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.83.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ:PLAY opened at $16.06 on Wednesday. The firm has a fifty day simple moving average of $21.34 and a two-hundred day simple moving average of $28.94. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The stock has a market capitalization of $618.36 million, a P/E ratio of 7.95 and a beta of 1.86. Dave & Buster’s Entertainment Inc has a 52 week low of $15.08 and a 52 week high of $64.31.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company had revenue of $534.50 million during the quarter, compared to analyst estimates of $548.77 million. The firm’s revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. On average, analysts expect that Dave & Buster’s Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment 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.