Dave & Buster’s Entertainment (NASDAQ:PLAY) Issues Quarterly Earnings Results

Dave & Buster’s Entertainment (NASDAQ:PLAY) announced its quarterly earnings results on Tuesday. The restaurant operator reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.20), Zacks reports. The company had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. Dave & Buster’s Entertainment’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $30.46 on Thursday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The firm has a fifty day moving average of $20.54 and a 200 day moving average of $24.12. The firm has a market cap of $1.05 billion, a PE ratio of 15.08 and a beta of 2.00. Dave & Buster’s Entertainment has a one year low of $15.08 and a one year high of $51.27.

Wall Street Analyst Weigh In

Several research firms recently commented on PLAY. Piper Sandler raised their target price on Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets raised their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial lifted their target price on shares of Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday. Loop Capital increased their price target on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group raised their price target on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $33.83.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A hedge fund recently bought a new stake in Dave & Buster’s Entertainment stock. AQR Capital Management LLC purchased a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 24,462 shares of the restaurant operator’s stock, valued at approximately $430,000. AQR Capital Management LLC owned approximately 0.07% of Dave & Buster’s Entertainment at the end of the most recent quarter. Institutional investors and hedge funds own 91.45% 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.