Dave & Buster's Entertainment, Inc. (PLAY) Expected to Earn Q3 2019 Earnings of $0.43 Per Share

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) – SunTrust Banks upped their Q3 2019 earnings per share (EPS) estimates for shares of Dave & Buster's Entertainment in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.36. SunTrust Banks currently has a “In-Line” rating and a $95.00 target price on the stock.

Dave & Buster's Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The firm had revenue of $250.00 million during the quarter, compared to the consensus estimate of $255.70 million. During the same period in the prior year, the business earned $0.25 EPS. The firm’s revenue was up 9.3% on a year-over-year basis.

A number of other research analysts have also issued reports on the company. BidaskClub upgraded Dave & Buster's Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Maxim Group reiterated a “buy” rating and set a $97.00 price target on shares of Dave & Buster's Entertainment in a research report on Friday, December 22nd. Canaccord Genuity reiterated a “buy” rating and set a $70.00 price target on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 6th. Raymond James Financial set a $63.00 price target on Dave & Buster's Entertainment and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, BMO Capital Markets reduced their price target on Dave & Buster's Entertainment to $68.00 and set an “outperform” rating for the company in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $73.90.

Shares of Dave & Buster's Entertainment (NASDAQ:PLAY) traded up $1.47 during mid-day trading on Thursday, reaching $57.37. The company’s stock had a trading volume of 1,182,982 shares, compared to its average volume of 1,118,400. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70. Dave & Buster's Entertainment has a one year low of $45.71 and a one year high of $73.48. The firm has a market cap of $2,270.00, a price-to-earnings ratio of 21.90, a PEG ratio of 1.39 and a beta of 0.58.

Institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp raised its position in shares of Dave & Buster's Entertainment by 414.8% during the third quarter. Mackenzie Financial Corp now owns 1,152,016 shares of the restaurant operator’s stock worth $60,458,000 after purchasing an additional 928,227 shares during the period. Rice Hall James & Associates LLC raised its position in shares of Dave & Buster's Entertainment by 157.3% during the third quarter. Rice Hall James & Associates LLC now owns 463,477 shares of the restaurant operator’s stock worth $24,323,000 after purchasing an additional 283,355 shares during the period. BlackRock Inc. raised its position in shares of Dave & Buster's Entertainment by 3.2% during the second quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock worth $304,033,000 after purchasing an additional 141,356 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Dave & Buster's Entertainment by 841.9% during the second quarter. UBS Asset Management Americas Inc. now owns 154,202 shares of the restaurant operator’s stock worth $10,256,000 after purchasing an additional 137,830 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of Dave & Buster's Entertainment during the third quarter worth $5,750,000.

In other news, SVP J Michael Plunkett sold 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $55.02, for a total value of $110,040.00. Following the completion of the sale, the senior vice president now owns 2,001 shares in the company, valued at $110,095.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian Jenkins sold 600 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $57.25, for a total value of $34,350.00. Following the completion of the sale, the chief financial officer now owns 5,042 shares of the company’s stock, valued at approximately $288,654.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,200 shares of company stock valued at $939,640. Insiders own 3.84% of the company’s stock.

Dave & Buster's Entertainment announced that its Board of Directors has initiated a share repurchase program on Friday, September 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership 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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