Dave & Buster’s Entertainment (NASDAQ:PLAY) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.56, MarketWatch Earnings reports. The firm had revenue of $265.34 million for the quarter, compared to analysts’ expectations of $257.98 million. Dave & Buster’s Entertainment had a negative net margin of 47.42% and a negative return on equity of 102.01%. The company’s quarterly revenue was up 66.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.37) earnings per share.
Shares of Dave & Buster’s Entertainment stock traded up $0.35 during trading on Friday, reaching $44.43. 137,159 shares of the company were exchanged, compared to its average volume of 1,559,235. The business’s 50-day simple moving average is $43.90. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -9.75, a price-to-earnings-growth ratio of 8.73 and a beta of 2.06. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 3.89. Dave & Buster’s Entertainment has a twelve month low of $11.23 and a twelve month high of $51.73.
Several research analysts have recently commented on PLAY shares. Truist Securities boosted their target price on Dave & Buster’s Entertainment from $46.00 to $53.00 and gave the stock a “hold” rating in a report on Friday. Truist raised their target price on Dave & Buster’s Entertainment from $46.00 to $53.00 and gave the company a “hold” rating in a research note on Friday. Wells Fargo & Company upped their price target on shares of Dave & Buster’s Entertainment from $36.00 to $44.00 and gave the stock an “underweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Dave & Buster’s Entertainment from $41.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, April 5th. Finally, William Blair raised shares of Dave & Buster’s Entertainment from a “market perform” rating to an “outperform” rating in a research note on Tuesday, April 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average price target of $43.38.
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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