NewEdge Wealth LLC Buys 85,820 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

NewEdge Wealth LLC lifted its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 13.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 727,491 shares of the restaurant operator’s stock after purchasing an additional 85,820 shares during the quarter. NewEdge Wealth LLC’s holdings in Dave & Buster’s Entertainment were worth $21,235,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PLAY. SG Americas Securities LLC boosted its position in 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 valued at $12,405,000 after buying an additional 389,577 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth approximately $3,167,000. Clearline Capital LP bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $2,088,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth about $1,949,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at $1,226,000. Institutional investors own 91.45% of the company’s stock.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 37,735 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $25.48 per share, with a total value of $961,487.80. Following the completion of the transaction, the chief executive officer now directly owns 139,011 shares in the company, valued at $3,542,000.28. This represents a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment Stock Down 1.9 %

NASDAQ:PLAY opened at $22.54 on Thursday. Dave & Buster’s Entertainment Inc has a twelve month low of $22.15 and a twelve month high of $69.82. The firm has a market capitalization of $867.86 million, a price-to-earnings ratio of 11.16 and a beta of 2.17. 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’s 50 day moving average price is $26.82 and its two-hundred day moving average price is $31.63.

Wall Street Analyst Weigh In

Several brokerages have commented on PLAY. Loop Capital dropped their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and issued a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Truist Financial lowered their price target on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.43.

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.