Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Research analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Dave & Buster’s Entertainment in a research note issued on Tuesday. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will earn $2.73 per share for the year, up from their prior forecast of $2.61. Jefferies Group currently has a “Buy” rating and a $80.00 target price on the stock. Jefferies Group also issued estimates for Dave & Buster’s Entertainment’s FY2019 earnings at $2.76 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a return on equity of 24.37% and a net margin of 10.27%. The company had revenue of $280.80 million for the quarter, compared to analysts’ expectations of $281.69 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Dave & Buster’s Entertainment’s revenue was up 14.9% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: “FY2018 Earnings Estimate for Dave & Buster’s Entertainment, Inc. Issued By Jefferies Group (PLAY)” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/09/07/fy2018-earnings-estimate-for-dave-busters-entertainment-inc-issued-by-jefferies-group-play.html.

Several other analysts also recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Dave & Buster’s Entertainment from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday. Maxim Group reiterated a “buy” rating and issued a $78.00 target price on shares of Dave & Buster’s Entertainment in a report on Wednesday. Wells Fargo & Company reiterated an “outperform” rating and issued a $71.00 target price (down previously from $78.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. Canaccord Genuity reiterated a “buy” rating and issued a $72.00 target price (down previously from $75.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 price target (down previously from $74.00) on shares of Dave & Buster’s Entertainment in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $74.11.

Shares of Dave & Buster’s Entertainment (PLAY) traded down 4.18% on Thursday, reaching $49.26. The company had a trading volume of 1,858,095 shares. The stock has a market capitalization of $2.04 billion, a P/E ratio of 20.85 and a beta of 0.65. The company’s 50 day moving average price is $61.09 and its 200-day moving average price is $62.96. Dave & Buster’s Entertainment has a 1-year low of $37.60 and a 1-year high of $73.48.

Dave & Buster’s Entertainment announced that its board has initiated a stock buyback program on Tuesday, June 6th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the restaurant operator to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 2,500 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $66.75, for a total value of $166,875.00. Following the completion of the transaction, the senior vice president now owns 5,101 shares in the company, valued at $340,491.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total transaction of $664,600.00. Following the sale, the chief operating officer now directly owns 15,447 shares of the company’s stock, valued at $1,026,607.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,000 shares of company stock valued at $3,332,800. Insiders own 5.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of Dave & Buster’s Entertainment by 335.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 1,468 shares during the last quarter. Tyers Asset Management LLC lifted its position in shares of Dave & Buster’s Entertainment by 9.2% during the 1st quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock worth $122,000 after purchasing an additional 168 shares during the last quarter. Strs Ohio lifted its position in shares of Dave & Buster’s Entertainment by 76.9% during the 1st quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dave & Buster’s Entertainment by 147.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its position in shares of Dave & Buster’s Entertainment by 9.2% during the 1st quarter. Flinton Capital Management LLC now owns 2,414 shares of the restaurant operator’s stock worth $148,000 after purchasing an additional 204 shares during the last quarter.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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.

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

Receive News & Ratings for Dave & Buster's Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.