Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its position in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) by 43.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,518 shares of the restaurant operator's stock after selling 60,746 shares during the quarter. Raymond James & Associates owned about 0.19% of Dave & Buster's Entertainment worth $4,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Dave & Buster's Entertainment by 7.2% in the 1st quarter. BlackRock Inc. now owns 7,207,019 shares of the restaurant operator's stock worth $265,146,000 after purchasing an additional 484,439 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Dave & Buster's Entertainment by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 5,154,666 shares of the restaurant operator's stock worth $253,094,000 after purchasing an additional 26,289 shares during the last quarter. Eminence Capital LP raised its position in shares of Dave & Buster's Entertainment by 331.4% in the 3rd quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator's stock worth $134,766,000 after purchasing an additional 2,792,780 shares during the last quarter. Nomura Holdings Inc. raised its position in shares of Dave & Buster's Entertainment by 1.8% in the 3rd quarter. Nomura Holdings Inc. now owns 2,492,571 shares of the restaurant operator's stock worth $92,400,000 after purchasing an additional 43,621 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Dave & Buster's Entertainment by 7.0% in the 3rd quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator's stock worth $74,971,000 after purchasing an additional 132,460 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Dave & Buster's Entertainment from $60.00 to $66.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 3rd. Raymond James restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Monday, March 25th. StockNews.com upgraded Dave & Buster's Entertainment from a "sell" rating to a "hold" rating in a research note on Wednesday. Jefferies Financial Group boosted their price target on Dave & Buster's Entertainment from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Finally, TheStreet raised Dave & Buster's Entertainment from a "c+" rating to a "b-" rating in a research report on Tuesday, January 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Dave & Buster's Entertainment presently has an average rating of "Hold" and a consensus target price of $69.21.

Dave & Buster's Entertainment Price Performance

Shares of PLAY traded down $4.64 during mid-day trading on Friday, hitting $56.09. 3,147,196 shares of the stock were exchanged, compared to its average volume of 1,136,516. The company has a market cap of $2.26 billion, a PE ratio of 19.96 and a beta of 2.08. Dave & Buster's Entertainment Inc has a 52-week low of $31.65 and a 52-week high of $69.82. The firm has a 50-day moving average of $61.40 and a two-hundred day moving average of $49.58. The company has a debt-to-equity ratio of 5.11, a quick ratio of 0.23 and a current ratio of 0.32.

Insider Transactions at Dave & Buster's Entertainment

In other news, Director Michael J. Griffith sold 5,203 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the transaction, the director now owns 33,546 shares of the company's stock, valued at approximately $2,199,611.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Dave & Buster's Entertainment news, Director Michael J. Griffith sold 5,203 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the transaction, the director now owns 33,546 shares of the company's stock, valued at approximately $2,199,611.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Mulleady sold 42,824 shares of the company's stock in a transaction on 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 transaction, the senior vice president now directly owns 57,132 shares in the company, valued at approximately $3,803,848.56. The disclosure for this sale can be found here. Insiders have sold 55,527 shares of company stock valued at $3,554,258 in the last ninety days. Corporate insiders own 1.60% of the company's stock.

About Dave & Buster's Entertainment

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.