Diametric Capital LP Sells 40,345 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Diametric Capital LP reduced its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 83.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,070 shares of the restaurant operator’s stock after selling 40,345 shares during the quarter. Diametric Capital LP’s holdings in Dave & Buster’s Entertainment were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quarry LP bought a new position in Dave & Buster’s Entertainment during the third quarter valued at $47,000. SBI Securities Co. Ltd. purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $47,000. KBC Group NV lifted its holdings in shares of Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 885 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Dave & Buster’s Entertainment in the third quarter worth about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Dave & Buster’s Entertainment during the third quarter worth approximately $144,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Up 3.0 %

Shares of NASDAQ PLAY opened at $18.10 on Wednesday. The stock has a 50 day moving average price of $22.64 and a 200 day moving average price of $29.57. The firm has a market capitalization of $696.90 million, a price-to-earnings ratio of 8.96 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a 52-week low of $17.02 and a 52-week high of $69.82. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Analysts Set New Price Targets

PLAY has been the subject of several analyst reports. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. 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 research report on Thursday, January 16th. BMO Capital Markets reduced 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. Loop Capital lowered 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 report on Thursday, December 12th. Finally, 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 report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and an average target price of $46.67.

Dave & Buster’s Entertainment 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.