5 Buy-The-Dip Restaurant Stocks to Invest in Now

4. Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)

Number of Hedge Fund Holders: 36

YTD Share Price Decline as of July 22: 12.12%

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) operates full-service restaurants with video arcades in the United States and Canada. On July 21, Raymond James analyst Brian Vaccaro removed Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) from the firm’s Analyst Current Favorites list, citing its lack of short-term catalysts. The analyst still kept a Strong Buy rating on the stock, saying that latest sales remain strongly positive versus 2019 and the company can maintain greater margins in a post-COVID environment on the back of operational and efficiency gains.

According to Insider Monkey’s data, 36 hedge funds were bullish on Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) at the end of the first quarter of 2022, with collective stakes worth $762.5 million, up from 28 funds in the last quarter, holding stakes in the company valued at $436.75 million. Scott Ross’ Hill Path Capital is the leading shareholder of the company, with more than 5 million shares worth $246.3 million.