Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities researchers at William Blair issued their Q1 2019 earnings estimates for Dave & Buster’s Entertainment in a report issued on Tuesday. William Blair analyst S. Zackfia forecasts that the restaurant operator will earn $0.96 per share for the quarter. William Blair also issued estimates for Dave & Buster’s Entertainment’s Q4 2019 earnings at $0.76 EPS, FY2019 earnings at $2.88 EPS and FY2020 earnings at $3.20 EPS.

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

Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Dave & Buster’s Entertainment from a “c” rating to a “b-” rating in a research note on Thursday, November 9th. Canaccord Genuity reiterated a “buy” rating and issued a $72.00 price objective (down previously from $75.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, September 6th. Maxim Group reiterated a “buy” rating and issued a $78.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, August 29th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $69.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $71.40.

Dave & Buster’s Entertainment (PLAY) traded up $1.12 during trading hours on Thursday, reaching $53.03. 1,466,342 shares of the company’s stock traded hands, compared to its average volume of 809,407. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.32 and a current ratio of 0.44. The stock has a market cap of $2,130.00, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 1.28 and a beta of 0.53. Dave & Buster’s Entertainment has a 52-week low of $45.71 and a 52-week high of $73.48.

Dave & Buster’s Entertainment declared that its board has authorized a share repurchase plan on Friday, September 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

In other news, SVP J Michael Plunkett sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian Jenkins sold 7,500 shares of the firm’s 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 sale, the chief financial officer now owns 1 shares of the company’s stock, valued at approximately $50.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,000 shares of company stock valued at $2,901,075. 3.84% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dave & Buster’s Entertainment by 147.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 1,286 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $153,000. Aperio Group LLC purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at approximately $202,000. Teacher Retirement System of Texas purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at approximately $224,000. Finally, Advisors Asset Management Inc. grew its stake in Dave & Buster’s Entertainment by 11.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,382 shares of the restaurant operator’s stock valued at $225,000 after buying an additional 347 shares in the last quarter.

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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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