Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities researchers at William Blair lifted their FY2018 EPS estimates for Dave & Buster’s Entertainment in a research report issued on Wednesday. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings of $2.63 per share for the year, up from their prior forecast of $2.59. William Blair also issued estimates for Dave & Buster’s Entertainment’s FY2019 earnings at $2.90 EPS.

A number of other equities research analysts have also recently weighed in on PLAY. Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price target on shares of Dave & Buster’s Entertainment in a research report on Thursday, May 18th. Zacks Investment Research raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday, May 23rd. Wells Fargo & Company reissued an “outperform” rating and issued a $75.00 price target on shares of Dave & Buster’s Entertainment in a research report on Tuesday, May 30th. Maxim Group reissued a “buy” rating and issued a $72.00 price target on shares of Dave & Buster’s Entertainment in a research report on Friday, June 2nd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $77.00 price target (up from $64.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $74.11.

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Dave & Buster’s Entertainment (PLAY) traded up 4.28% during trading on Friday, hitting $51.71. The company had a trading volume of 1,030,128 shares. Dave & Buster’s Entertainment has a 52-week low of $37.60 and a 52-week high of $73.48. The firm’s 50 day moving average is $60.60 and its 200-day moving average is $62.86. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 21.88 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm had revenue of $280.80 million for the quarter, compared to the consensus estimate of $281.69 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s revenue was up 14.9% on a year-over-year basis.

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

In other news, SVP John Mulleady sold 2,500 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 5,101 shares of the company’s stock, valued at $340,491.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $66.46, for a total transaction of $664,600.00. Following the completion of 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. Insiders sold 50,000 shares of company stock valued at $3,332,800 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Several large investors have recently made changes to their positions in PLAY. Bank of Montreal Can raised its holdings in shares of Dave & Buster’s Entertainment by 224.9% in the first quarter. Bank of Montreal Can now owns 24,305 shares of the restaurant operator’s stock valued at $1,484,000 after buying an additional 16,825 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at about $2,125,000. Strs Ohio raised its holdings in shares of Dave & Buster’s Entertainment by 76.9% in the first quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Dave & Buster’s Entertainment by 61.7% in the first quarter. Russell Investments Group Ltd. now owns 95,207 shares of the restaurant operator’s stock valued at $5,815,000 after buying an additional 36,345 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Dave & Buster’s Entertainment by 6.4% in the first quarter. Great West Life Assurance Co. Can now owns 51,518 shares of the restaurant operator’s stock valued at $3,147,000 after buying an additional 3,120 shares during the last quarter.

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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