Hussman Strategic Advisors Inc. Increases Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Hussman Strategic Advisors Inc. increased its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 33.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,000 shares of the restaurant operator’s stock after buying an additional 10,500 shares during the period. Hussman Strategic Advisors Inc. owned about 0.11% of Dave & Buster’s Entertainment worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its stake in Dave & Buster’s Entertainment by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock valued at $4,480,000 after purchasing an additional 3,494 shares during the last quarter. Rhumbline Advisers raised its stake in Dave & Buster’s Entertainment by 3.9% in the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator’s stock valued at $2,880,000 after purchasing an additional 3,730 shares during the last quarter. KBC Group NV raised its stake in 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 purchasing an additional 885 shares during the last quarter. SG Americas Securities LLC raised its stake in Dave & Buster’s Entertainment by 1,100.8% in the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock valued at $12,405,000 after purchasing an additional 389,577 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its stake in Dave & Buster’s Entertainment by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator’s stock valued at $4,580,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Insider Buying and Selling

In other news, CEO Kevin M. Sheehan bought 19,025 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the acquisition, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at $1,825,021. The trade was a 38.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets cut 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 note on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Truist Financial cut their target price on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Finally, Loop Capital cut their target price on 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.43.

Dave & Buster’s Entertainment Stock Down 4.2 %

Shares of NASDAQ:PLAY opened at $24.13 on Friday. The business has a 50-day moving average price of $27.21 and a 200 day moving average price of $31.93. 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 company has a market capitalization of $929.01 million, a price-to-earnings ratio of 11.95 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a 12-month low of $22.83 and a 12-month high of $69.82.

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.