Louisiana State Employees Retirement System Acquires Shares of 17,200 Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Louisiana State Employees Retirement System acquired a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 17,200 shares of the restaurant operator’s stock, valued at approximately $926,000.

A number of other institutional investors also recently modified their holdings of PLAY. FSC Wealth Advisors LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth $45,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $101,000. CenterBook Partners LP acquired a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $222,000. Whitaker Myers Wealth Managers LTD. acquired a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth $261,000. Finally, Clearview Wealth Advisors LLC raised its holdings in shares of Dave & Buster’s Entertainment by 76,760.0% during the 3rd quarter. Clearview Wealth Advisors LLC now owns 7,686 shares of the restaurant operator’s stock worth $285,000 after buying an additional 7,676 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the sale, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the sale, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John Mulleady sold 42,824 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total value of $2,851,221.92. Following the completion of the sale, the senior vice president now owns 57,132 shares in the company, valued at approximately $3,803,848.56. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $51.85 on Friday. The business has a 50-day simple moving average of $60.77 and a two-hundred day simple moving average of $50.70. Dave & Buster’s Entertainment Inc has a 12-month low of $31.65 and a 12-month high of $69.82. The stock has a market cap of $2.09 billion, a PE ratio of 18.45 and a beta of 2.08. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 5.11.

Analyst Ratings Changes

A number of equities analysts have recently commented on PLAY shares. TheStreet raised Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd. Raymond James reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Monday, March 25th. BMO Capital Markets upped their target price on Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Piper Sandler reaffirmed a “neutral” rating and issued a $71.00 target price (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. Finally, UBS Group upped their target price on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.21.

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.