Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities researchers at William Blair upped their FY2018 EPS estimates for Dave & Buster’s Entertainment in a research note issued to investors on Tuesday. William Blair analyst S. Zackfia now forecasts that the restaurant operator will earn $2.61 per share for the year, up from their prior estimate of $2.59. William Blair also issued estimates for Dave & Buster’s Entertainment’s Q4 2018 earnings at $0.73 EPS, Q2 2019 earnings at $0.75 EPS and Q3 2019 earnings at $0.41 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The company 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 was up 14.9% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share.

Several other analysts have also weighed in on PLAY. Wells Fargo & Company dropped their price objective on shares of Dave & Buster’s Entertainment from $71.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Maxim Group reissued a “buy” rating and issued a $78.00 price target on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 6th. Canaccord Genuity lowered their price target on shares of Dave & Buster’s Entertainment from $75.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Finally, Raymond James Financial set a $63.00 price target on shares of Dave & Buster’s Entertainment and gave the company a “buy” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.40.

Dave & Buster’s Entertainment (PLAY) traded down $0.10 during midday trading on Friday, hitting $52.93. 1,918,743 shares of the stock traded hands, compared to its average volume of 814,189. The firm has a market capitalization of $2,180.00, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 1.28 and a beta of 0.53. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70. Dave & Buster’s Entertainment has a 12 month low of $45.71 and a 12 month high of $73.48.

Hedge funds have recently made changes to their positions in the business. Mik Capital LLC bought a new position in Dave & Buster’s Entertainment in the second quarter valued at approximately $43,824,000. First Quadrant L P CA bought a new position in Dave & Buster’s Entertainment in the third quarter valued at approximately $644,000. Quantbot Technologies LP bought a new position in Dave & Buster’s Entertainment in the third quarter valued at approximately $1,578,000. Dynamic Technology Lab Private Ltd bought a new position in Dave & Buster’s Entertainment in the second quarter valued at approximately $531,000. Finally, Wells Fargo & Company MN boosted its stake in Dave & Buster’s Entertainment by 6.5% in the second quarter. Wells Fargo & Company MN now owns 1,001,832 shares of the restaurant operator’s stock valued at $66,632,000 after acquiring an additional 61,034 shares during the last quarter.

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

Dave & Buster’s Entertainment declared that its Board of Directors has initiated a share repurchase plan on Friday, September 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

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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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