Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC reduced its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,358,782 shares of the restaurant operator’s stock after selling 63,261 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Dave & Buster’s Entertainment were worth $39,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. NewEdge Wealth LLC boosted its stake in Dave & Buster’s Entertainment by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after acquiring an additional 85,820 shares during the last quarter. Boston Partners lifted its position in shares of Dave & Buster’s Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock worth $16,563,000 after purchasing an additional 323,595 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Dave & Buster’s Entertainment by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator’s stock worth $13,775,000 after purchasing an additional 9,733 shares during the last quarter. SG Americas Securities LLC grew its stake in Dave & Buster’s Entertainment by 1,100.8% in the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock worth $12,405,000 after purchasing an additional 389,577 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in Dave & Buster’s Entertainment by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator’s stock valued at $4,580,000 after buying an additional 10,000 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on PLAY. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial decreased their price objective on shares of 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. Gordon Haskett restated a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital decreased their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, BMO Capital Markets dropped 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 note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.67.

Dave & Buster’s Entertainment Trading Down 4.8 %

Dave & Buster’s Entertainment stock opened at $18.87 on Monday. Dave & Buster’s Entertainment Inc has a 52-week low of $17.02 and a 52-week 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 capitalization of $726.55 million, a price-to-earnings ratio of 9.34 and a beta of 2.17. The firm has a 50-day moving average price of $22.94 and a two-hundred day moving average price of $29.77.

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.