Principal Financial Group Inc. Increases Position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Principal Financial Group Inc. boosted its position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 153,487 shares of the restaurant operator’s stock after acquiring an additional 3,494 shares during the period. Principal Financial Group Inc.’s holdings in Dave & Buster’s Entertainment were worth $4,480,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. GDS Wealth Management raised its holdings in shares of Dave & Buster’s Entertainment by 3.3% in the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock worth $518,000 after purchasing an additional 488 shares during the period. Cerity Partners LLC increased its position in Dave & Buster’s Entertainment by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after purchasing an additional 710 shares in the last quarter. KBC Group NV raised its holdings in Dave & Buster’s Entertainment by 81.3% in the fourth 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 during the period. Quarry LP purchased a new position in Dave & Buster’s Entertainment in the third quarter valued at approximately $47,000. Finally, Point72 Hong Kong Ltd acquired a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $121,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective 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. Truist Financial lowered their price target on 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. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, Loop Capital lowered 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 note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.43.

Dave & Buster’s Entertainment Stock Down 8.4 %

Shares of NASDAQ PLAY opened at $19.14 on Tuesday. The firm has a market cap of $736.95 million, a price-to-earnings ratio of 9.48 and a beta of 2.17. Dave & Buster’s Entertainment Inc has a 1 year low of $19.07 and a 1 year 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. The stock’s 50-day simple moving average is $26.40 and its 200-day simple moving average is $31.40.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 37,735 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the purchase, the chief executive officer now owns 139,011 shares in the company, valued at $3,542,000.28. This represents a 37.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

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.