Dave & Buster’s Entertainment (NASDAQ:PLAY) posted its quarterly earnings data on Tuesday. The restaurant operator reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.04, Fidelity Earnings reports. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 29.12%. The business had revenue of $344.60 million during the quarter, compared to analyst estimates of $345.27 million. Dave & Buster’s Entertainment updated its FY 2019 guidance to EPS.
Shares of NASDAQ:PLAY opened at $41.70 on Thursday. The firm’s 50 day moving average price is $40.47 and its 200 day moving average price is $46.65. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.97 and a beta of 0.86. Dave & Buster’s Entertainment has a fifty-two week low of $37.21 and a fifty-two week high of $67.05. The company has a quick ratio of 0.17, a current ratio of 0.28 and a debt-to-equity ratio of 4.17.
Several research firms have recently commented on PLAY. William Blair lowered shares of Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Wells Fargo & Co reissued a “market perform” rating and issued a $40.00 price objective (down previously from $46.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday. ValuEngine lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. Piper Jaffray Companies reissued an “overweight” rating and issued a $40.00 price objective (down previously from $55.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday. Finally, TheStreet lowered shares of Dave & Buster’s Entertainment from a “b” rating to a “c+” rating in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.48.
In related news, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $39.94, for a total value of $299,550.00. Following the sale, the senior vice president now owns 21,319 shares of the company’s stock, valued at $851,480.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Griffith bought 5,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Tuesday, July 2nd. The stock was purchased at an average cost of $39.32 per share, for a total transaction of $196,600.00. Following the acquisition, the director now owns 16,327 shares of the company’s stock, valued at $641,977.64. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.
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 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.
Recommended Story: What does a dividend yield signify to investors?
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.