Brokerages expect that Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) will announce earnings of ($1.49) per share for the current quarter, Zacks reports. Seven analysts have made estimates for Dave & Buster’s Entertainment’s earnings, with estimates ranging from ($2.10) to ($0.78). Dave & Buster’s Entertainment posted earnings of $0.90 per share during the same quarter last year, which indicates a negative year over year growth rate of 265.6%. The firm is expected to issue its next quarterly earnings results on Tuesday, September 8th.
On average, analysts expect that Dave & Buster’s Entertainment will report full year earnings of ($3.42) per share for the current financial year, with EPS estimates ranging from ($3.81) to ($2.21). For the next year, analysts forecast that the firm will report earnings of $0.17 per share, with EPS estimates ranging from ($0.84) to $0.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Dave & Buster’s Entertainment.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Thursday, June 11th. The restaurant operator reported ($1.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.52). The business had revenue of $159.80 million for the quarter, compared to analyst estimates of $167.83 million. Dave & Buster’s Entertainment had a return on equity of 8.89% and a net margin of 1.24%. The firm’s quarterly revenue was down 56.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share.
Several brokerages have recently issued reports on PLAY. ValuEngine raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. SunTrust Banks raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.00 to $22.00 in a research report on Friday, June 12th. Longbow Research decreased their price objective on Dave & Buster’s Entertainment from $50.00 to $18.00 and set a “buy” rating for the company in a report on Monday, April 6th. TheStreet downgraded Dave & Buster’s Entertainment from a “c-” rating to a “d+” rating in a report on Thursday, June 11th. Finally, BidaskClub downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.79.
In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 11,854 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $13.83, for a total transaction of $163,940.82. Following the completion of the transaction, the senior vice president now directly owns 44,862 shares of the company’s stock, valued at $620,441.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Jenkins sold 13,370 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $15.40, for a total value of $205,898.00. Following the transaction, the chief executive officer now directly owns 166,912 shares of the company’s stock, valued at $2,570,444.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,032 shares of company stock valued at $999,462. 3.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in shares of Dave & Buster’s Entertainment in the second quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Dave & Buster’s Entertainment during the first quarter valued at about $39,000. Advisor Group Holdings Inc. purchased a new stake in Dave & Buster’s Entertainment during the first quarter valued at about $46,000. North Star Investment Management Corp. purchased a new stake in Dave & Buster’s Entertainment during the first quarter valued at about $52,000. Finally, Public Employees Retirement Association of Colorado raised its position in Dave & Buster’s Entertainment by 57.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 7,652 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 2,798 shares in the last quarter. 69.06% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:PLAY opened at $12.98 on Monday. The business’s fifty day moving average price is $14.56 and its two-hundred day moving average price is $22.90. The company has a debt-to-equity ratio of 10.36, a current ratio of 0.73 and a quick ratio of 0.62. The stock has a market capitalization of $612.13 million, a price-to-earnings ratio of 30.00 and a beta of 1.61. Dave & Buster’s Entertainment has a fifty-two week low of $4.61 and a fifty-two week high of $48.80.
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.
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