Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Research analysts at Jefferies Group reduced their Q3 2018 earnings per share estimates for Dave & Buster’s Entertainment in a report issued on Tuesday. Jefferies Group analyst A. Barish now expects that the restaurant operator will earn $0.27 per share for the quarter, down from their prior forecast of $0.29. Jefferies Group has a “Buy” rating and a $80.00 price target on the stock. Jefferies Group also issued estimates for Dave & Buster’s Entertainment’s Q4 2018 earnings at $0.76 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The company had revenue of $280.80 million during the quarter, compared to analyst estimates of $281.69 million. During the same period last year, the firm posted $0.50 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was up 14.9% compared to the same quarter last year.

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Several other research firms also recently weighed in on PLAY. BidaskClub raised Dave & Buster’s Entertainment from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Canaccord Genuity increased their price objective on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the company a “buy” rating in a report on Friday, June 9th. SunTrust Banks, Inc. set a $85.00 price objective on Dave & Buster’s Entertainment and gave the company a “buy” rating in a report on Wednesday, June 7th. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, June 7th. Finally, Piper Jaffray Companies increased their price objective on Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $74.11.

Dave & Buster’s Entertainment (PLAY) traded up 4.44% during trading on Friday, reaching $51.79. 505,954 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $60.60 and a 200-day moving average of $62.86. The stock has a market capitalization of $2.15 billion, a PE ratio of 21.92 and a beta of 0.65. Dave & Buster’s Entertainment has a 52 week low of $37.60 and a 52 week high of $73.48.

Dave & Buster’s Entertainment declared that its Board of Directors has authorized a share repurchase plan on Tuesday, June 6th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the restaurant operator to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other Dave & Buster’s Entertainment news, CFO Brian Jenkins sold 22,500 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $66.53, for a total value of $1,496,925.00. Following the completion of the transaction, the chief financial officer now owns 1 shares in the company, valued at $66.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Mulleady sold 2,500 shares of the stock in a transaction on Thursday, June 15th. The stock was 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 of the company’s stock, valued at approximately $340,491.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,000 shares of company stock valued at $3,332,800. Corporate insiders own 5.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its position in Dave & Buster’s Entertainment by 335.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock worth $116,000 after acquiring an additional 1,468 shares in the last quarter. Tyers Asset Management LLC raised its position in Dave & Buster’s Entertainment by 9.2% in the first quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 168 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Dave & Buster’s Entertainment by 147.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after acquiring an additional 1,286 shares in the last quarter. Strs Ohio raised its position in Dave & Buster’s Entertainment by 76.9% in the first quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock worth $140,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in Dave & Buster’s Entertainment in the second quarter worth $153,000.

About Dave & Buster’s Entertainment

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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