Illinois Municipal Retirement Fund Acquires 5,854 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Illinois Municipal Retirement Fund raised its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 34.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,672 shares of the restaurant operator’s stock after purchasing an additional 5,854 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Dave & Buster’s Entertainment were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PLAY. Quarry LP purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter worth $47,000. KBC Group NV boosted its holdings in Dave & Buster’s Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 885 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter worth $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter worth $144,000. Finally, Quantbot Technologies LP purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter worth $196,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dave & Buster’s Entertainment

In other news, CEO Kevin M. Sheehan acquired 19,025 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the purchase, the chief executive officer now owns 69,025 shares of the company’s stock, valued at approximately $1,825,021. The trade was a 38.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on PLAY. Truist Financial cut their price objective on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Gordon Haskett reissued a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets cut their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus price target of $51.43.

Dave & Buster’s Entertainment Trading Down 8.4 %

Shares of Dave & Buster’s Entertainment stock opened at $19.14 on Tuesday. Dave & Buster’s Entertainment Inc has a 52-week low of $19.07 and a 52-week high of $69.82. The stock’s 50-day simple moving average is $26.40 and its 200 day simple moving average is $31.40. The stock has a market capitalization of $736.95 million, a P/E ratio of 9.48 and a beta of 2.17. 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 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.