125,980 Shares in Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 125,980 shares of the restaurant operator's stock, valued at approximately $3,677,000. Raymond James Financial Inc. owned about 0.33% of Dave & Buster's Entertainment at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Wealth LLC increased its position in Dave & Buster's Entertainment by 13.4% during 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 period. Boston Partners boosted its position in shares of Dave & Buster's Entertainment by 132.5% during the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock worth $16,563,000 after acquiring an additional 323,595 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 valued at $13,775,000 after purchasing an additional 9,733 shares during the last quarter. SG Americas Securities LLC raised its stake in Dave & Buster's Entertainment by 1,100.8% during the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock worth $12,405,000 after acquiring an additional 389,577 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Dave & Buster's Entertainment by 72.3% during the fourth quarter. Russell Investments Group Ltd. now owns 338,635 shares of the restaurant operator's stock worth $9,885,000 after buying an additional 142,045 shares in the last quarter. Institutional investors own 91.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Loop Capital decreased their price target on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Truist Financial dropped their price target on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. BMO Capital Markets reduced their target price on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler lowered their price objective on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Dave & Buster's Entertainment presently has an average rating of "Hold" and an average price target of $33.00.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY traded down $0.59 during trading hours on Wednesday, reaching $19.19. The stock had a trading volume of 1,124,651 shares, compared to its average volume of 1,470,669. The stock has a 50 day simple moving average of $19.15 and a 200 day simple moving average of $27.38. Dave & Buster's Entertainment Inc has a 12-month low of $15.08 and a 12-month high of $57.10. The stock has a market cap of $662.34 million, a P/E ratio of 9.50 and a beta of 1.86. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $534.50 million during the quarter, compared to analyst estimates of $548.77 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. Dave & Buster's Entertainment's revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. On average, research analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 EPS for the current fiscal year.

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.