Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp lowered its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,025 shares of the restaurant operator’s stock after selling 12,975 shares during the period. Cibc World Markets Corp owned about 1.01% of Dave & Buster’s Entertainment worth $11,297,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PLAY. Quarry LP purchased a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $47,000. SBI Securities Co. Ltd. acquired a new position in shares of Dave & Buster’s Entertainment in the 4th quarter valued at $47,000. KBC Group NV raised its stake in shares of Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 885 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $144,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analyst Ratings Changes

PLAY has been the topic of a number of research analyst reports. Truist Financial decreased 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 report on Thursday, January 16th. 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. 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 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 report on Wednesday, December 11th. Finally, William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.67.

Insider Activity

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $26.44 per share, with a total value of $503,021.00. Following the completion of the purchase, the chief executive officer now directly owns 69,025 shares in the company, valued at $1,825,021. This trade represents a 38.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Dave & Buster’s Entertainment Trading Up 8.8 %

Shares of Dave & Buster’s Entertainment stock opened at $18.93 on Tuesday. The firm has a 50-day moving average of $24.26 and a 200-day moving average of $30.47. The stock has a market cap of $728.86 million, a PE ratio of 9.37 and a beta of 2.17. 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 debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

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.