Thrivent Financial for Lutherans Decreases Holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Thrivent Financial for Lutherans cut its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 24,302 shares of the restaurant operator’s stock after selling 551 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dave & Buster’s Entertainment were worth $709,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. NewEdge Wealth LLC grew its stake in shares of Dave & Buster’s Entertainment by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock worth $21,235,000 after buying an additional 85,820 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,924 shares of the restaurant operator’s stock worth $13,775,000 after buying an additional 9,733 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Dave & Buster’s Entertainment by 1,100.8% during the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock valued at $12,405,000 after purchasing an additional 389,577 shares during the period. Hennessy Advisors Inc. increased its holdings in Dave & Buster’s Entertainment by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator’s stock valued at $4,580,000 after buying an additional 10,000 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Dave & Buster’s Entertainment by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after buying an additional 3,494 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Wall Street Analysts Forecast Growth

PLAY has been the subject of several research analyst reports. Truist Financial cut their target price on shares of Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday. 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 for the company in a research report on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and set 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. Loop Capital dropped their price objective on 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. Finally, William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment has an average rating of “Hold” and an average price target of $45.67.

Dave & Buster’s Entertainment Trading Up 2.2 %

NASDAQ:PLAY opened at $18.49 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The stock has a fifty day simple moving average of $22.48 and a 200-day simple moving average of $29.50. 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 market capitalization of $711.92 million, a PE ratio of 9.15 and a beta of 1.86.

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.