Kazazian Asset Management LLC Takes Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Kazazian Asset Management LLC purchased a new position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 109,755 shares of the restaurant operator’s stock, valued at approximately $3,204,000. Dave & Buster’s Entertainment comprises approximately 2.4% of Kazazian Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in Dave & Buster’s Entertainment by 3.2% during the third quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after purchasing an additional 710 shares during the last quarter. KBC Group NV boosted its holdings in Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 885 shares during the last quarter. Quarry LP purchased a new position in Dave & Buster’s Entertainment during the third quarter worth about $47,000. SBI Securities Co. Ltd. purchased a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $47,000. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its position in Dave & Buster’s Entertainment by 19.0% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 10,640 shares of the restaurant operator’s stock worth $311,000 after acquiring an additional 1,700 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 19,025 shares of the stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of $26.44 per share, with a total value 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 approximately $1,825,021. This trade represents a 38.05 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $18.68 on Wednesday. The company’s 50 day moving average is $24.05 and its 200-day moving average is $30.38. Dave & Buster’s Entertainment Inc has a 12-month low of $17.02 and a 12-month high of $69.82. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The firm has a market cap of $719.24 million, a P/E ratio of 9.25 and a beta of 2.17.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLAY. Loop Capital lowered their price objective 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. Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. BMO Capital Markets lowered their price objective on shares of 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, 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 research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average price target of $46.67.

Dave & Buster’s Entertainment Profile

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.