Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by State Street Corp

State Street Corp cut its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,268,444 shares of the restaurant operator’s stock after selling 2,468 shares during the period. State Street Corp’s holdings in Dave & Buster’s Entertainment were worth $43,191,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PLAY. Charles Schwab Investment Management Inc. lifted its position in shares of Dave & Buster’s Entertainment by 3.4% during the 3rd 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 during the last quarter. Eminence Capital LP raised its position in shares of Dave & Buster’s Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock worth $150,023,000 after purchasing an additional 1,542,154 shares during the period. LMR Partners LLP purchased a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at $3,167,000. Millennium Management LLC boosted its position in shares of Dave & Buster’s Entertainment by 55.2% in the 2nd quarter. Millennium Management LLC now owns 219,015 shares of the restaurant operator’s stock valued at $8,719,000 after purchasing an additional 77,916 shares during the period. Finally, Intech Investment Management LLC increased its stake in Dave & Buster’s Entertainment by 171.4% in the 3rd quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock worth $731,000 after purchasing an additional 13,550 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris acquired 14,912 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average price of $33.67 per share, with a total value of $502,087.04. Following the purchase, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Sheehan bought 37,735 shares of the stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the transaction, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at approximately $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 71,672 shares of company stock valued at $1,966,596. 1.60% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $26.20 on Friday. Dave & Buster’s Entertainment Inc has a fifty-two week low of $25.00 and a fifty-two week high of $69.82. The stock’s 50-day moving average is $35.94 and its two-hundred day moving average is $36.18. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.14. The firm has a market cap of $1.01 billion, a P/E ratio of 12.97 and a beta of 2.13.

Wall Street Analysts Forecast Growth

PLAY has been the subject of a number of analyst reports. Loop Capital reduced their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. BMO Capital Markets reduced their price target on shares of 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. Truist Financial reiterated a “hold” rating and set a $36.00 price objective (down from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $53.38.

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.