Equities research analysts predict that Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) will post sales of $369.46 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Dave & Buster’s Entertainment’s earnings, with estimates ranging from $364.30 million to $374.60 million. Dave & Buster’s Entertainment posted sales of $332.19 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The business is expected to issue its next earnings results on Monday, June 10th.
On average, analysts expect that Dave & Buster’s Entertainment will report full year sales of $1.39 billion for the current year, with estimates ranging from $1.37 billion to $1.40 billion. For the next fiscal year, analysts expect that the company will post sales of $1.53 billion, with estimates ranging from $1.52 billion to $1.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Dave & Buster’s Entertainment.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.12. Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. The company had revenue of $331.80 million during the quarter, compared to analyst estimates of $324.90 million. During the same quarter in the previous year, the business posted $0.61 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was up 8.8% compared to the same quarter last year.
Several equities analysts have recently weighed in on PLAY shares. Maxim Group reiterated an “in-line” rating and set a $64.00 price objective on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 12th. SunTrust Banks decreased their target price on Dave & Buster’s Entertainment to $69.00 and set a “buy” rating for the company in a research report on Wednesday, December 12th. Wells Fargo & Co boosted their target price on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group dropped their price target on Dave & Buster’s Entertainment to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, December 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $66.00 price target (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $65.00.
In other news, COO Margo Lynn Manning sold 5,000 shares of the stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $47.06, for a total value of $235,300.00. Following the completion of the sale, the chief operating officer now directly owns 13,563 shares of the company’s stock, valued at $638,274.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen M. King sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $53.17, for a total value of $797,550.00. Following the completion of the transaction, the director now owns 40,191 shares in the company, valued at approximately $2,136,955.47. The disclosure for this sale can be found here. Insiders have sold 42,170 shares of company stock valued at $2,158,911 over the last quarter. Corporate insiders own 3.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC purchased a new position in Dave & Buster’s Entertainment during the 4th quarter worth $84,000. Meeder Asset Management Inc. bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at about $127,000. Cerebellum GP LLC bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at about $192,000. Brown Advisory Inc. boosted its holdings in Dave & Buster’s Entertainment by 17.1% during the fourth quarter. Brown Advisory Inc. now owns 5,477 shares of the restaurant operator’s stock worth $243,000 after purchasing an additional 801 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Dave & Buster’s Entertainment during the third quarter worth about $246,000.
NASDAQ:PLAY traded down $0.49 during trading hours on Friday, reaching $54.66. The company had a trading volume of 1,332,908 shares, compared to its average volume of 1,153,538. The company has a current ratio of 0.37, a quick ratio of 0.33 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.20 and a beta of 1.00. Dave & Buster’s Entertainment has a twelve month low of $37.98 and a twelve month high of $67.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 26th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, March 25th. Dave & Buster’s Entertainment’s dividend payout ratio is currently 20.48%.
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 entrÃ©es 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.
Read More: Market Capitalization
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.