Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Research analysts at SunTrust Banks decreased their Q1 2019 earnings per share estimates for shares of Dave & Buster’s Entertainment in a report issued on Tuesday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings per share of $1.06 for the quarter, down from their previous forecast of $1.08. SunTrust Banks currently has a “Buy” rating and a $85.00 target price on the stock. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s FY2019 earnings at $2.94 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $280.80 million during the quarter, compared to analysts’ expectations of $281.69 million. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. TRADEMARK VIOLATION NOTICE: “SunTrust Banks Comments on Dave & Buster’s Entertainment, Inc.’s Q1 2019 Earnings (PLAY)” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/08/suntrust-banks-comments-on-dave-busters-entertainment-inc-s-q1-2019-earnings-play.html.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Piper Jaffray Companies boosted 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. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price objective on shares of Dave & Buster’s Entertainment in a report on Thursday, May 18th. Canaccord Genuity boosted 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. Finally, BidaskClub cut Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $74.11.

Shares of Dave & Buster’s Entertainment (PLAY) traded up 4.265% during mid-day trading on Friday, reaching $51.705. The company’s stock had a trading volume of 1,414,262 shares. The firm has a market cap of $2.14 billion, a P/E ratio of 21.881 and a beta of 0.65. The firm’s 50-day moving average price is $60.60 and its 200 day moving average price is $62.86. Dave & Buster’s Entertainment has a 12-month low of $37.60 and a 12-month high of $73.48.

Dave & Buster’s Entertainment declared that its board has authorized a share repurchase program on Tuesday, June 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the restaurant operator to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

In related news, SVP John Mulleady sold 2,500 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total value of $664,600.00. Following the completion of the transaction, the chief operating officer now directly owns 15,447 shares of the company’s stock, valued at approximately $1,026,607.62. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $3,332,800 in the last ninety days. 5.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Dave & Buster’s Entertainment by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock worth $304,033,000 after purchasing an additional 141,356 shares during the period. Vanguard Group Inc. raised its holdings in Dave & Buster’s Entertainment by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 3,912,633 shares of the restaurant operator’s stock worth $239,022,000 after purchasing an additional 411,339 shares during the period. Voya Investment Management LLC raised its holdings in Dave & Buster’s Entertainment by 4.7% in the 2nd quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock worth $69,707,000 after purchasing an additional 47,031 shares during the period. Dimensional Fund Advisors LP raised its holdings in Dave & Buster’s Entertainment by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,033,691 shares of the restaurant operator’s stock worth $68,751,000 after purchasing an additional 22,602 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Dave & Buster’s Entertainment by 10.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,005,120 shares of the restaurant operator’s stock worth $66,851,000 after purchasing an additional 95,338 shares during the period.

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.