Easterly Investment Partners LLC Raises Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Easterly Investment Partners LLC grew its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,541 shares of the restaurant operator’s stock after buying an additional 3,000 shares during the quarter. Easterly Investment Partners LLC owned 0.10% of Dave & Buster’s Entertainment worth $1,096,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PLAY. Cerity Partners LLC boosted its stake in Dave & Buster’s Entertainment by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock valued at $790,000 after purchasing an additional 710 shares during the last quarter. KBC Group NV lifted its position in Dave & Buster’s Entertainment by 81.3% during the fourth 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 period. Quarry LP purchased a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $47,000. SBI Securities Co. Ltd. purchased a new position in Dave & Buster’s Entertainment in the fourth quarter worth about $47,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 19.0% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator’s stock worth $311,000 after buying an additional 1,700 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

PLAY opened at $19.83 on Friday. The company has a market capitalization of $763.51 million, a price-to-earnings ratio of 9.82 and a beta of 2.17. The business’s fifty day simple moving average is $23.04 and its 200-day simple moving average is $29.86. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment Inc has a 12-month low of $17.02 and a 12-month high of $69.82.

Analyst Ratings Changes

Several research firms have issued reports on PLAY. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets cut their price objective 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 shares of 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 dropped their target price on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Finally, Gordon Haskett reissued a “hold” rating and issued a $34.00 price objective (down previously from $40.00) 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 given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.67.

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.