Illinois Municipal Retirement Fund Has $662,000 Stock Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Illinois Municipal Retirement Fund increased its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 34.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,672 shares of the restaurant operator’s stock after buying an additional 5,854 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Dave & Buster’s Entertainment worth $662,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd boosted 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 during the period. Charles Schwab Investment Management Inc. boosted its position in 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 period. LMR Partners LLP acquired a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth approximately $3,167,000. Intech Investment Management LLC boosted its position in Dave & Buster’s Entertainment by 171.4% during the 3rd quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock worth $731,000 after buying an additional 13,550 shares during the period. Finally, Verition Fund Management LLC bought a new position in Dave & Buster’s Entertainment during the 3rd quarter worth approximately $1,226,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Truist Financial lowered 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 report on Thursday, January 16th. Gordon Haskett restated a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Loop Capital lowered 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 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 report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.43.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $19.14 on Tuesday. The company has a fifty day moving average of $26.40 and a 200-day moving average of $31.40. The firm has a market capitalization of $736.95 million, a P/E ratio of 9.48 and a beta of 2.17. 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 Inc has a twelve month low of $19.07 and a twelve month high of $69.82.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 19,025 shares of the firm’s 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 purchase, the chief executive officer now owns 69,025 shares of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.