KBC Group NV Grows Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

KBC Group NV raised its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 81.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,974 shares of the restaurant operator’s stock after purchasing an additional 885 shares during the quarter. KBC Group NV’s holdings in Dave & Buster’s Entertainment were worth $58,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Quarry LP bought a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at about $47,000. Point72 Hong Kong Ltd purchased a new position in shares of Dave & Buster’s Entertainment during the third quarter worth approximately $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Dave & Buster’s Entertainment during the third quarter worth approximately $144,000. Quantbot Technologies LP bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at approximately $196,000. Finally, Systematic Financial Management LP purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $224,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan acquired 19,025 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $26.44 per share, with a total value of $503,021.00. Following the transaction, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Stock Down 3.9 %

NASDAQ:PLAY opened at $24.61 on Tuesday. The company’s 50-day simple moving average is $29.06 and its 200-day simple moving average is $32.54. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster’s Entertainment Inc has a fifty-two week low of $22.83 and a fifty-two week high of $69.82. The stock has a market capitalization of $947.64 million, a P/E ratio of 12.18 and a beta of 2.17.

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.