UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.99 Million Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 78.6% during the third quarter, HoldingsChannel.com reports. The firm owned 58,558 shares of the restaurant operator’s stock after selling 214,977 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dave & Buster’s Entertainment were worth $1,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Dave & Buster’s Entertainment by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after purchasing an additional 15,015 shares during the period. Eminence Capital LP boosted its holdings in shares of Dave & Buster’s Entertainment by 69.3% in the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares during the period. Hennessy Advisors Inc. bought a new stake in shares of Dave & Buster’s Entertainment during the second quarter worth $5,191,000. LMR Partners LLP bought a new position in Dave & Buster’s Entertainment during the 3rd quarter worth about $3,167,000. Finally, Nisa Investment Advisors LLC raised its position in Dave & Buster’s Entertainment by 32.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 206,535 shares of the restaurant operator’s stock valued at $8,222,000 after buying an additional 51,022 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Truist Financial reiterated a “hold” rating and set a $36.00 target price (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Finally, 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 note on Thursday. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.38.

Insider Buying and Selling

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

Dave & Buster’s Entertainment Trading Up 7.8 %

Shares of PLAY stock opened at $27.48 on Monday. Dave & Buster’s Entertainment Inc has a 12-month low of $25.00 and a 12-month high of $69.82. The company has a market capitalization of $1.06 billion, a PE ratio of 13.60 and a beta of 2.13. The firm has a 50 day moving average price of $36.31 and a two-hundred day moving average price of $36.62. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

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.