State Street Corp Reduces Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

State Street Corp lowered its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 0.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,268,444 shares of the restaurant operator’s stock after selling 2,468 shares during the period. State Street Corp owned about 3.23% of Dave & Buster’s Entertainment worth $43,191,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kimelman & Baird LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at approximately $28,000. Quarry LP acquired a new stake in Dave & Buster’s Entertainment in the third quarter valued at $47,000. Point72 Hong Kong Ltd bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at $121,000. Allspring Global Investments Holdings LLC grew its holdings in Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after acquiring an additional 4,021 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $144,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analyst Ratings Changes

PLAY has been the topic of several research analyst reports. Loop Capital reduced their price target on shares of 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. Benchmark initiated coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating on the stock. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. BMO Capital Markets reduced their price objective on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.38.

Insider Activity

In related news, CEO Kevin M. Sheehan acquired 37,735 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the purchase, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Christopher Daniel Morris bought 14,912 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the acquisition, the chief executive officer now owns 83,847 shares of the company’s stock, valued at $2,823,128.49. This represents a 21.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 71,672 shares of company stock valued at $1,966,596. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Trading Down 0.5 %

Shares of NASDAQ:PLAY opened at $26.20 on Friday. 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’s 50-day moving average price is $35.94 and its 200 day moving average price is $36.18. The company has a market cap of $1.01 billion, a PE ratio of 12.97 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a fifty-two week low of $25.00 and a fifty-two week 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.