DJE Kapital AG Makes New Investment in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

DJE Kapital AG purchased a new stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 25,800 shares of the restaurant operator’s stock, valued at approximately $725,000. DJE Kapital AG owned about 0.07% of Dave & Buster’s Entertainment at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at about $47,000. SBI Securities Co. Ltd. bought a new position in Dave & Buster’s Entertainment during the 4th quarter valued at about $47,000. KBC Group NV grew its holdings in Dave & Buster’s Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 885 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth about $144,000. 91.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Kevin M. Sheehan bought 37,735 shares of the stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the purchase, the chief executive officer now directly owns 139,011 shares in the company, valued at approximately $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Dave & Buster’s Entertainment Trading Down 8.4 %

NASDAQ:PLAY opened at $19.14 on Tuesday. The stock has a market capitalization of $736.95 million, a price-to-earnings ratio of 9.48 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a 52 week low of $19.07 and a 52 week high of $69.82. 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 firm has a 50 day moving average of $26.40 and a 200 day moving average of $31.40.

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.