Easterly Investment Partners LLC Purchases 3,000 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Easterly Investment Partners LLC grew its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 8.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,541 shares of the restaurant operator’s stock after acquiring an additional 3,000 shares during the quarter. Easterly Investment Partners LLC’s holdings in Dave & Buster’s Entertainment were worth $1,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WINTON GROUP Ltd acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter worth about $2,529,000. LPL Financial LLC acquired a new stake in Dave & Buster’s Entertainment in the 4th quarter worth approximately $311,000. KLP Kapitalforvaltning AS acquired a new position in shares of Dave & Buster’s Entertainment in the 4th quarter valued at $175,000. Sciencast Management LP purchased a new position in Dave & Buster’s Entertainment in the 4th quarter worth $577,000. Finally, Kazazian Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment during the 4th quarter worth about $3,204,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BMO Capital Markets reduced 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 note on Wednesday, December 11th. Loop Capital decreased 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. Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Truist Financial reduced their target price on shares of 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, William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.67.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $19.83 on Friday. The stock has a market capitalization of $763.51 million, a price-to-earnings ratio of 9.82 and a beta of 2.17. The stock has a 50-day moving average of $23.04 and a 200 day moving average of $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 twelve month low of $17.02 and a twelve month high of $69.82.

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.