SG Americas Securities LLC Buys 389,577 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

SG Americas Securities LLC grew its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 1,100.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 424,967 shares of the restaurant operator’s stock after purchasing an additional 389,577 shares during the period. SG Americas Securities LLC owned approximately 1.10% of Dave & Buster’s Entertainment worth $12,405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kimelman & Baird LLC bought a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth approximately $28,000. Quarry LP bought a new position in Dave & Buster’s Entertainment in the third quarter worth $47,000. Point72 Hong Kong Ltd purchased a new position in Dave & Buster’s Entertainment during the third quarter valued at $121,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at $144,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of 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. 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. Loop Capital dropped 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 note on Thursday, December 12th. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Finally, Benchmark initiated coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and an average price target of $52.25.

Insider Buying and Selling

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the transaction, the chief executive officer now directly owns 69,025 shares in the company, valued at $1,825,021. This represents a 38.05 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Dave & Buster’s Entertainment Stock Up 7.9 %

Dave & Buster’s Entertainment stock opened at $28.84 on Friday. The stock has a fifty day moving average of $31.29 and a 200 day moving average of $33.53. The stock has a market cap of $1.11 billion, a PE ratio of 14.28 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a one year low of $22.83 and a one year high of $69.82. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

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.