ExodusPoint Capital Management LP Has $6.57 Million Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

ExodusPoint Capital Management LP lifted its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 2,306.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,100 shares of the restaurant operator’s stock after purchasing an additional 215,746 shares during the period. ExodusPoint Capital Management LP’s holdings in Dave & Buster’s Entertainment were worth $6,571,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Easterly Investment Partners LLC increased its position in Dave & Buster’s Entertainment by 8.7% in the fourth quarter. Easterly Investment Partners LLC now owns 37,541 shares of the restaurant operator’s stock worth $1,096,000 after purchasing an additional 3,000 shares during the period. WINTON GROUP Ltd bought a new position in shares of Dave & Buster’s Entertainment in the 4th quarter valued at about $2,529,000. LPL Financial LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $311,000. KLP Kapitalforvaltning AS bought a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth approximately $175,000. Finally, Sciencast Management LP acquired a new position in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $577,000. 91.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PLAY. BMO Capital Markets dropped their target price 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. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Truist Financial reduced their target price on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday. Gordon Haskett restated a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, Loop Capital cut 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus price target of $40.60.

Dave & Buster’s Entertainment Trading Down 1.0 %

NASDAQ PLAY opened at $16.83 on Friday. The firm has a market cap of $648.01 million, a P/E ratio of 8.33 and a beta of 1.86. Dave & Buster’s Entertainment Inc has a one year low of $15.50 and a one year high of $65.38. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The stock’s 50-day moving average is $22.02 and its 200-day moving average is $29.29.

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.