18,500 Shares in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Bought by Clare Market Investments LLC

Clare Market Investments LLC purchased a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,500 shares of the restaurant operator’s stock, valued at approximately $540,000.

Several other large investors also recently bought and sold shares of PLAY. SG Americas Securities LLC increased 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 worth $12,405,000 after purchasing an additional 389,577 shares during the last quarter. Raymond James Financial Inc. bought a new position in Dave & Buster’s Entertainment during the fourth quarter valued at $3,677,000. LMR Partners LLP bought a new position in Dave & Buster’s Entertainment during the third quarter valued at $3,167,000. NewEdge Wealth LLC increased its position in Dave & Buster’s Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after acquiring an additional 85,820 shares during the last quarter. Finally, Clearline Capital LP bought a new position in Dave & Buster’s Entertainment during the third quarter valued at $2,088,000. 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 acquired 37,735 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $25.48 per share, with a total value 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 $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Loop Capital cut their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. BMO Capital Markets cut their price objective on shares of 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. Truist Financial cut their price objective on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Gordon Haskett reiterated a “hold” rating and set a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.67.

Dave & Buster’s Entertainment Stock Up 7.8 %

Shares of PLAY opened at $20.81 on Tuesday. Dave & Buster’s Entertainment Inc has a 12-month low of $18.27 and a 12-month high of $69.82. The firm has a fifty day moving average price of $25.42 and a 200-day moving average price of $30.95. The firm has a market capitalization of $801.25 million, a P/E ratio of 10.30 and a beta of 2.17. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

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.