Sciencast Management LP Acquires Shares of 19,779 Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Sciencast Management LP acquired a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 19,779 shares of the restaurant operator’s stock, valued at approximately $577,000.

Several other institutional investors also recently bought and sold shares of PLAY. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Dave & Buster’s Entertainment in the third quarter valued at approximately $1,949,000. Intech Investment Management LLC lifted its position in shares of Dave & Buster’s Entertainment by 171.4% in the third quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock valued at $731,000 after acquiring an additional 13,550 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Dave & Buster’s Entertainment by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after acquiring an additional 15,015 shares in the last quarter. Cerity Partners LLC lifted its position 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 acquiring an additional 710 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $196,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $19.87 on Friday. Dave & Buster’s Entertainment Inc has a one year low of $17.02 and a one year high of $69.82. The company has a market cap of $765.05 million, a price-to-earnings ratio of 9.84 and a beta of 2.17. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The business’s 50 day moving average price is $23.46 and its 200 day moving average price is $30.14.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital decreased 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 report on Thursday, December 12th. Truist Financial decreased their target price on 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. BMO Capital Markets decreased their target price on 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. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.