Hennessy Advisors Inc. Acquires 10,000 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Hennessy Advisors Inc. boosted its holdings in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.8% in the 4th quarter, HoldingsChannel reports. The firm owned 156,900 shares of the restaurant operator’s stock after purchasing an additional 10,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in Dave & Buster’s Entertainment were worth $4,580,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eminence Capital LP lifted its holdings in shares of Dave & Buster’s Entertainment by 69.3% in the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after acquiring an additional 1,542,154 shares during the last quarter. Rubric Capital Management LP raised its position in Dave & Buster’s Entertainment by 104.7% during the second quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock valued at $48,767,000 after purchasing an additional 626,497 shares during the period. Dimensional Fund Advisors LP raised its position in Dave & Buster’s Entertainment by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock valued at $45,553,000 after purchasing an additional 25,138 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Dave & Buster’s Entertainment by 0.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 793,767 shares of the restaurant operator’s stock valued at $31,600,000 after purchasing an additional 6,713 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Dave & Buster’s Entertainment by 36.2% during the 2nd quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator’s stock valued at $25,482,000 after purchasing an additional 170,286 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $24.07 on Friday. The company has a market cap of $926.70 million, a PE ratio of 11.92 and a beta of 2.17. The firm’s 50 day moving average price is $32.19 and its 200-day moving average price is $33.82. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster’s Entertainment Inc has a 52-week low of $22.83 and a 52-week high of $69.82.

Insiders Place Their Bets

In other news, CEO Kevin M. Sheehan bought 19,025 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the acquisition, the chief executive officer now owns 69,025 shares of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PLAY has been the subject of several recent analyst reports. Truist Financial dropped their target price on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday. Loop Capital cut 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. Benchmark began coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating for the company. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, BMO Capital Markets reduced 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 research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.25.

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.