Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities research analysts at William Blair lowered their Q3 2018 earnings estimates for shares of Dave & Buster’s Entertainment in a report issued on Thursday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.19 for the quarter, down from their prior estimate of $0.20. William Blair also issued estimates for Dave & Buster’s Entertainment’s Q4 2018 earnings at $0.71 EPS.

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 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 firm had revenue of $280.80 million during the quarter, compared to the consensus estimate of $281.69 million. During the same period in the previous 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. TRADEMARK VIOLATION WARNING: “William Blair Equities Analysts Decrease Earnings Estimates for Dave & Buster’s Entertainment, Inc. (PLAY)” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/23/william-blair-equities-analysts-decrease-earnings-estimates-for-dave-busters-entertainment-inc-play.html.

Several other brokerages have also weighed in on PLAY. BidaskClub lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Friday, July 14th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $77.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Monday, July 24th. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Maxim Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $72.00.

Shares of Dave & Buster’s Entertainment (PLAY) opened at 48.84 on Monday. Dave & Buster’s Entertainment has a 12-month low of $39.15 and a 12-month high of $73.48. The stock has a market capitalization of $2.01 billion, a P/E ratio of 19.01 and a beta of 0.59. The company has a 50-day moving average of $50.98 and a 200-day moving average of $61.00.

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in Dave & Buster’s Entertainment by 335.9% during the first quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 1,468 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dave & Buster’s Entertainment by 147.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 1,286 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Dave & Buster’s Entertainment during the second quarter valued at approximately $153,000. Aperio Group LLC acquired a new position in Dave & Buster’s Entertainment during the second quarter valued at approximately $202,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Dave & Buster’s Entertainment during the first quarter valued at approximately $201,000.

In other Dave & Buster’s Entertainment news, CFO Brian Jenkins sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $50.10, for a total transaction of $375,750.00. Following the transaction, the chief financial officer now owns 1 shares in the company, valued at $50.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen M. King sold 45,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $49.80, for a total value of $2,241,000.00. Following the transaction, the chief executive officer now owns 22,501 shares in the company, valued at approximately $1,120,549.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,000 shares of company stock worth $2,901,075. Corporate insiders own 3.84% of the company’s stock.

Dave & Buster’s Entertainment declared that its Board of Directors has approved a stock repurchase plan on Friday, September 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to reacquire up to 4.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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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