SG Americas Securities LLC Buys 389,577 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

SG Americas Securities LLC lifted its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 1,100.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 424,967 shares of the restaurant operator’s stock after buying an additional 389,577 shares during the quarter. SG Americas Securities LLC’s holdings in Dave & Buster’s Entertainment were worth $12,405,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PLAY. Dimensional Fund Advisors LP lifted its position in shares of Dave & Buster’s Entertainment by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock worth $45,553,000 after buying an additional 25,138 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Dave & Buster’s Entertainment by 1,081.1% during the 2nd quarter. Hsbc Holdings PLC now owns 44,316 shares of the restaurant operator’s stock worth $1,727,000 after acquiring an additional 40,564 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $315,000. Sei Investments Co. grew its holdings in shares of Dave & Buster’s Entertainment by 7.0% in the second quarter. Sei Investments Co. now owns 164,382 shares of the restaurant operator’s stock valued at $6,544,000 after purchasing an additional 10,793 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in Dave & Buster’s Entertainment by 7.7% in the second quarter. Public Sector Pension Investment Board now owns 70,996 shares of the restaurant operator’s stock worth $2,826,000 after purchasing an additional 5,093 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Up 7.9 %

Shares of Dave & Buster’s Entertainment stock opened at $28.84 on Friday. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 14.28 and a beta of 2.17. The firm’s 50-day moving average is $31.29 and its two-hundred day moving average is $33.53. Dave & Buster’s Entertainment Inc has a 1 year low of $22.83 and a 1 year high of $69.82.

Analysts Set New Price Targets

PLAY has been the subject of several analyst reports. Gordon Haskett restated a “hold” rating and issued a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Benchmark started coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating on the stock. BMO Capital Markets dropped their price objective on 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. Finally, Loop Capital reduced their target price on 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.25.

Insider Transactions at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan bought 19,025 shares of the stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the acquisition, the chief executive officer now directly owns 69,025 shares in the company, valued at approximately $1,825,021. This represents a 38.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.