Cannell & Spears LLC Sells 6,800 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Cannell & Spears LLC cut its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 33.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,800 shares of the restaurant operator’s stock after selling 6,800 shares during the period. Cannell & Spears LLC’s holdings in Dave & Buster’s Entertainment were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Clare Market Investments LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $540,000. XTX Topco Ltd lifted its position in Dave & Buster’s Entertainment by 171.5% during the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after buying an additional 33,988 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock worth $15,738,000 after buying an additional 15,015 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Dave & Buster’s Entertainment in the 4th quarter valued at about $3,677,000. Finally, Principal Financial Group Inc. increased its position in shares of Dave & Buster’s Entertainment by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock valued at $4,480,000 after acquiring an additional 3,494 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PLAY shares. BMO Capital Markets reduced their price target 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. Gordon Haskett reissued a “hold” rating and issued a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Loop Capital dropped 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. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, 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 note on Thursday, January 16th. 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.com, the company has an average rating of “Hold” and an average target price of $46.67.

Dave & Buster’s Entertainment Trading Up 3.0 %

Shares of PLAY stock opened at $18.10 on Wednesday. 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 market capitalization of $696.90 million, a PE ratio of 8.96 and a beta of 2.17. The firm has a 50 day moving average price of $22.64 and a two-hundred day moving average price of $29.57. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Dave & Buster’s Entertainment Company 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.