Point72 Asset Management established new holdings in Dave & Busters Entertainment Inc
Investing.com
Published Oct 02, 2020 06:14PM ET
Updated Oct 02, 2020 06:30PM ET
Point72 Asset Management established new holdings in Dave & Busters Entertainment Inc
On the 18th of September, Point72 Asset Management purchased 3.5 million Dave & Busters Entertainment Inc (PLAY) shares for $57 million at an average price of $16.47 per share. Shares of Dave & Busters Entertainment Inc are down -4.61% since the transaction.
Point72 Asset Management's holding in Dave & Busters Entertainment Inc established a new holding of about 3.5 million shares with the purchase.
Point72 Asset Management first bought Dave & Busters Entertainment Inc stock in the second quarter of 2015. Point72 Asset Management also owns Darden Restaurants Inc (NYSE:DRI), Texas Roadhouse Inc (NASDAQ:TXRH), Yum Brands Inc (YUM) and Shake Shack Inc (NYSE:SHAK). Dave & Busters Entertainment Inc is its number two position by number of shares and market value among restaurants stocks.
In contrast, Epoch Investment Partners, Millennium Management, and Sarasin & Partners sold all their PLAY shares.
Point72 Asset Management also established new holdings in ANGI Homeservices Inc. (NASDAQ:ANGI) and Fulcrum Therapeutics, Inc. (NASDAQ:FULC). Point72 Asset Management also added to their share in American Eagle Outfitters Inc (NYSE:AEO), The Children's Place, Inc. (NASDAQ:PLCE), MacroGenics, Inc. (NASDAQ:MGNX), Otonomy, Inc. (NASDAQ:OTIC), Bicycle Therapeutics plc (NASDAQ:BCYC) and Revolve Group , Inc. (NYSE:RVLV). The total value of the shares bought is estimated at around $277 million.
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