Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – SunTrust Banks lowered their Q3 2018 EPS estimates for shares of Dave & Buster’s Entertainment in a research note issued on Tuesday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.29. SunTrust Banks has a “Buy” rating and a $85.00 price objective on the stock. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.58 EPS and Q3 2019 earnings at $0.35 EPS.

Several other research analysts also recently commented on the company. BMO Capital Markets decreased their price objective on Dave & Buster’s Entertainment from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday. Maxim Group restated a “buy” rating and set a $78.00 price target on shares of Dave & Buster’s Entertainment in a report on Wednesday. Wells Fargo & Company restated an “outperform” rating and set a $71.00 price target (down previously from $78.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. Canaccord Genuity restated a “buy” rating and set a $72.00 price target (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 set a $69.00 price target (down previously from $74.00) on shares of Dave & Buster’s Entertainment in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. Dave & Buster’s Entertainment currently has a consensus rating of “Buy” and a consensus price target of $74.11.

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Dave & Buster’s Entertainment (NASDAQ PLAY) traded down 3.083% during midday trading on Thursday, hitting $49.825. The company’s stock had a trading volume of 1,285,349 shares. The company has a market cap of $2.07 billion, a PE ratio of 21.085 and a beta of 0.65. The stock has a 50 day moving average of $61.09 and a 200 day moving average of $62.96. Dave & Buster’s Entertainment has a 52-week low of $37.60 and a 52-week high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $280.80 million for the quarter, compared to analyst estimates of $281.69 million. During the same quarter in the previous year, the company posted $0.50 EPS. The business’s revenue was up 14.9% on a year-over-year basis.

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

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred 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 approximately $1,026,607.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO John P. Gleason sold 15,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $66.96, for a total value of $1,004,400.00. Following the sale, the chief marketing officer now directly owns 25,505 shares in the company, valued at $1,707,814.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $3,332,800. 5.60% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Dave & Buster’s Entertainment by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock valued at $304,033,000 after acquiring an additional 141,356 shares in the last quarter. Vanguard Group Inc. boosted its position in Dave & Buster’s Entertainment by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 3,912,633 shares of the restaurant operator’s stock valued at $239,022,000 after acquiring an additional 411,339 shares in the last quarter. Voya Investment Management LLC boosted its position in Dave & Buster’s Entertainment by 4.7% during the 2nd quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock valued at $69,707,000 after acquiring an additional 47,031 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Dave & Buster’s Entertainment by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,033,691 shares of the restaurant operator’s stock valued at $68,751,000 after acquiring an additional 22,602 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Dave & Buster’s Entertainment by 10.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,005,120 shares of the restaurant operator’s stock valued at $66,851,000 after acquiring an additional 95,338 shares in 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)

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