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

Hennessy Advisors Inc. grew its position in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 156,900 shares of the restaurant operator’s stock after acquiring an additional 10,000 shares during the period. Hennessy Advisors Inc. owned about 0.41% of Dave & Buster’s Entertainment worth $4,580,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PLAY. Kimelman & Baird LLC bought a new position in shares of Dave & Buster’s Entertainment during the second quarter valued at approximately $28,000. Quarry LP bought a new position in shares of Dave & Buster’s Entertainment during the third quarter valued at $47,000. Point72 Hong Kong Ltd purchased a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $121,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth about $144,000. Finally, Quantbot Technologies LP bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth about $196,000. Institutional investors own 91.45% of the company’s stock.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan bought 37,735 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the transaction, the chief executive officer now owns 139,011 shares of the company’s stock, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by corporate insiders.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY opened at $24.07 on Friday. 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 market capitalization 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. Dave & Buster’s Entertainment Inc has a twelve month low of $22.83 and a twelve month high of $69.82.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PLAY shares. Benchmark began coverage on shares of 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 research note 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. BMO Capital Markets decreased their target price on 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. Finally, Gordon Haskett restated 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 note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $52.25.

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.