Dave & Buster’s Entertainment (NASDAQ:PLAY) Issues Quarterly Earnings Results, Beats Estimates By $0.56 EPS

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.

In other news, Director Kevin M. Sheehan sold 5,000 shares of Dave & Buster’s Entertainment stock in a transaction on Tuesday, April 6th. The shares were sold at an average price of $45.55, for a total transaction of $227,750.00. Following the transaction, the director now directly owns 94,218 shares of the company’s stock, valued at $4,291,629.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian Jenkins sold 52,054 shares of the business’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $44.25, for a total transaction of $2,303,389.50. Following the completion of the transaction, the chief executive officer now directly owns 179,959 shares of the company’s stock, valued at approximately $7,963,185.75. The disclosure for this sale can be found here. Insiders sold 136,911 shares of company stock worth $6,038,482 in the last three months. Insiders own 3.57% of the company’s stock.

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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Earnings History for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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