Schwarz Dygos Wheeler Investment Advisors LLC Raises Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Schwarz Dygos Wheeler Investment Advisors LLC raised its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 19.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,640 shares of the restaurant operator’s stock after purchasing an additional 1,700 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Dave & Buster’s Entertainment were worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLAY. GDS Wealth Management boosted its stake in Dave & Buster’s Entertainment by 3.3% during the third quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock worth $518,000 after buying an additional 488 shares during the last quarter. Cerity Partners LLC grew its holdings 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 during the period. KBC Group NV grew its holdings in shares of Dave & Buster’s Entertainment by 81.3% in the fourth 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 period. Quarry LP acquired a new stake in Dave & Buster’s Entertainment during the third quarter worth about $47,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 19,025 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $26.44 per share, with a total value of $503,021.00. Following the completion of the acquisition, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Dave & Buster’s Entertainment Trading Down 1.5 %

NASDAQ PLAY opened at $19.30 on Monday. Dave & Buster’s Entertainment Inc has a 52 week low of $18.27 and a 52 week high of $69.82. The firm has a 50 day moving average of $25.57 and a two-hundred day moving average of $31.03. The stock has a market capitalization of $743.11 million, a PE ratio of 9.55 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.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PLAY shares. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial lowered their target price 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. BMO Capital Markets dropped their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Gordon Haskett reiterated a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Loop Capital dropped their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.67.

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.