SG Americas Securities LLC Grows Holdings in Dave & Buster’s Entertainment, Inc. $PLAY

SG Americas Securities LLC boosted its holdings in shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) by 232.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 634,148 shares of the restaurant operator’s stock after acquiring an additional 443,308 shares during the period. SG Americas Securities LLC owned 1.83% of Dave & Buster’s Entertainment worth $10,280,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC purchased a new stake in Dave & Buster’s Entertainment in the third quarter worth about $1,834,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dave & Buster’s Entertainment by 99.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock valued at $30,067,000 after purchasing an additional 499,412 shares during the last quarter. Clearline Capital LP boosted its position in shares of Dave & Buster’s Entertainment by 20.4% in the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock worth $29,419,000 after purchasing an additional 274,541 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Dave & Buster’s Entertainment by 236.9% in the 3rd quarter. Cibc World Market Inc. now owns 336,900 shares of the restaurant operator’s stock worth $6,118,000 after purchasing an additional 236,900 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter worth approximately $2,236,000. Institutional investors own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLAY. Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, January 16th. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Loop Capital set a $20.00 price target on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Truist Financial dropped their price target on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus price target of $23.83.

Dave & Buster’s Entertainment Price Performance

PLAY opened at $9.81 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. The firm has a 50 day moving average price of $15.88 and a 200-day moving average price of $16.87. Dave & Buster’s Entertainment, Inc. has a twelve month low of $9.61 and a twelve month high of $35.53. The stock has a market capitalization of $340.21 million, a price-to-earnings ratio of -245.19 and a beta of 1.79.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.