Arrowstreet Capital Limited Partnership Has $36.99 Million Stock Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Arrowstreet Capital Limited Partnership lessened its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,267,224 shares of the restaurant operator’s stock after selling 103,824 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Dave & Buster’s Entertainment were worth $36,990,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Gordon Haskett reissued a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital decreased their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. BMO Capital Markets cut their price target on 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, Truist Financial decreased their price objective on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.67.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $18.49 on Thursday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The firm’s 50-day simple moving average is $22.48 and its 200 day simple moving average is $29.50. The stock has a market cap of $711.92 million, a price-to-earnings ratio of 9.15 and a beta of 1.86. Dave & Buster’s Entertainment Inc has a fifty-two week low of $17.02 and a fifty-two week high of $69.82.

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.