Prudential Financial Inc. Trims Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Prudential Financial Inc. decreased its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 83.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 139,579 shares of the restaurant operator’s stock after selling 726,050 shares during the period. Prudential Financial Inc.’s holdings in Dave & Buster’s Entertainment were worth $4,074,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PLAY. Quarry LP bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth $47,000. SBI Securities Co. Ltd. purchased a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at about $47,000. KBC Group NV raised its stake in 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 worth $58,000 after buying an additional 885 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake 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 3rd quarter valued at approximately $144,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Up 3.0 %

Dave & Buster’s Entertainment stock opened at $18.10 on Wednesday. Dave & Buster’s Entertainment Inc has a 12 month low of $17.02 and a 12 month high of $69.82. The stock has a fifty day simple moving average of $22.64 and a two-hundred day simple moving average of $29.57. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The firm has a market cap of $696.90 million, a price-to-earnings ratio of 8.96 and a beta of 2.17.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PLAY shares. BMO Capital Markets decreased 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. Loop Capital lowered their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Truist Financial reduced their target price 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 reissued a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.