Principal Financial Group Inc. Sells 10,362 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Principal Financial Group Inc. decreased its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.5% during the third quarter, HoldingsChannel.com reports. The firm owned 149,993 shares of the restaurant operator’s stock after selling 10,362 shares during the quarter. Principal Financial Group Inc.’s holdings in Dave & Buster’s Entertainment were worth $5,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Eminence Capital LP grew its position in shares of Dave & Buster’s Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock worth $150,023,000 after buying an additional 1,542,154 shares in the last quarter. American Century Companies Inc. grew its holdings in Dave & Buster’s Entertainment by 8.2% during the 2nd quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator’s stock worth $50,411,000 after acquiring an additional 95,499 shares in the last quarter. Rubric Capital Management LP grew its holdings in Dave & Buster’s Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock worth $48,767,000 after acquiring an additional 626,497 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dave & Buster’s Entertainment by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock valued at $45,553,000 after purchasing an additional 25,138 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Dave & Buster’s Entertainment by 0.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 793,767 shares of the restaurant operator’s stock worth $31,600,000 after purchasing an additional 6,713 shares during the period. 91.45% of the stock is currently owned by institutional investors.

Insider Transactions at Dave & Buster’s Entertainment

In other news, CEO Kevin M. Sheehan bought 37,735 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher Daniel Morris purchased 14,912 shares of the company’s stock in a transaction on Monday, October 7th. The shares were purchased at an average price of $33.67 per share, for a total transaction 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. The trade was a 21.63 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 71,672 shares of company stock worth $1,966,596. Company insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $30.29 on Friday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 15.00 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 52 week low of $25.00 and a 52 week high of $69.82. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company has a 50 day moving average price of $34.66 and a 200 day moving average price of $34.81.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLAY. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating on the stock. BMO Capital Markets reduced their price target 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 dropped their price objective 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 reiterated a “hold” rating and issued a $36.00 target price (down from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, StockNews.com cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Hold” and a consensus price target of $53.38.

Dave & Buster’s Entertainment Company 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.