FY2018 Earnings Estimate for Dave & Buster’s Entertainment, Inc. Issued By William Blair (PLAY)
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.
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.
COPYRIGHT VIOLATION NOTICE: “FY2018 Earnings Estimate for Dave & Buster’s Entertainment, Inc. Issued By William Blair (PLAY)” was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/01/fy2018-earnings-estimate-for-dave-busters-entertainment-inc-issued-by-william-blair-play.html.
About Dave & Buster’s Entertainment
Dave & Busters 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.
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.