Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Equities researchers at William Blair boosted their FY2020 EPS estimates for shares of Dave & Buster’s Entertainment in a report issued on Tuesday, September 3rd, Zacks Investment Research reports. William Blair analyst S. Zackfia now expects that the restaurant operator will earn $2.92 per share for the year, up from their prior estimate of $2.90. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Dave & Buster’s Entertainment’s FY2021 earnings at $3.19 EPS.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. Dave & Buster’s Entertainment had a net margin of 8.78% and a return on equity of 29.68%. The business had revenue of $344.60 million during the quarter, compared to the consensus estimate of $345.27 million.
A number of other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. Deutsche Bank began coverage on shares of Dave & Buster’s Entertainment in a report on Friday, June 28th. They issued a “hold” rating and a $42.00 price target for the company. BidaskClub upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, August 31st. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a research report on Monday, September 2nd. Finally, SunTrust Banks dropped their target price on shares of Dave & Buster’s Entertainment from $45.00 to $41.00 and set a “hold” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $48.48.
Shares of PLAY stock opened at $41.10 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.28 and a debt-to-equity ratio of 4.17. The stock has a market cap of $1.59 billion, a P/E ratio of 14.03, a PEG ratio of 0.99 and a beta of 0.86. The company’s fifty day simple moving average is $40.47 and its two-hundred day simple moving average is $46.65. Dave & Buster’s Entertainment has a 52 week low of $37.21 and a 52 week high of $67.05.
In other news, Director Michael J. Griffith acquired 5,000 shares of the stock in a transaction on Tuesday, July 2nd. The stock was bought at an average price of $39.32 per share, with a total value of $196,600.00. Following the completion of the transaction, the director now directly owns 16,327 shares of the company’s stock, valued at $641,977.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $39.94, for a total transaction of $299,550.00. Following the sale, the senior vice president now directly owns 21,319 shares of the company’s stock, valued at approximately $851,480.86. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of PLAY. Hancock Whitney Corp purchased a new position in Dave & Buster’s Entertainment during the 2nd quarter valued at about $3,091,000. Nomura Holdings Inc. acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $297,000. AJ Wealth Strategies LLC acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $512,000. HG Vora Capital Management LLC acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $80,940,000. Finally, Indaba Capital Management L.P. acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth approximately $24,727,000.
Dave & Buster’s Entertainment Company Profile
Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrées 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.