Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) – SunTrust Banks lifted their Q1 2019 earnings per share estimates for Dave & Buster's Entertainment in a report released on Tuesday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings of $1.19 per share for the quarter, up from their previous estimate of $0.99. SunTrust Banks currently has a “In-Line” rating and a $95.00 price target on the stock. SunTrust Banks also issued estimates for Dave & Buster's Entertainment’s Q2 2019 earnings at $0.78 EPS, Q4 2019 earnings at $0.90 EPS, FY2019 earnings at $3.31 EPS and FY2020 earnings at $3.96 EPS.

Several other equities research analysts have also recently weighed in on PLAY. BidaskClub upgraded shares of 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 objective on shares of Dave & Buster's Entertainment in a research report on Friday, December 22nd. Wells Fargo & Co decreased 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 research report on Thursday, November 30th. Canaccord Genuity reiterated a “buy” rating and set a $70.00 price objective on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 6th. Finally, Raymond James Financial set a $63.00 price objective on shares of Dave & Buster's Entertainment and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $73.90.

Dave & Buster's Entertainment (PLAY) traded up $1.47 on Friday, hitting $57.37. 1,182,900 shares of the stock traded hands, compared to its average volume of 1,118,400. Dave & Buster's Entertainment has a 52 week low of $45.71 and a 52 week high of $73.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.26 and a current ratio of 0.38. The firm has a market capitalization of $2,330.00, a PE ratio of 21.90, a PEG ratio of 1.42 and a beta of 0.58.

Dave & Buster's Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The company had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $255.70 million. During the same period in the prior year, the company posted $0.25 earnings per share. Dave & Buster's Entertainment’s revenue for the quarter was up 9.3% compared to the same quarter last year.

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 buyback $100.00 million in shares. This buyback authorization allows the restaurant operator to repurchase up to 4.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other Dave & Buster's Entertainment news, CFO Brian Jenkins sold 600 shares of the firm’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 directly owns 5,042 shares in the company, valued at $288,654.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jay L. Tobin sold 4,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $55.00, for a total transaction of $220,000.00. Following the completion of the sale, the senior vice president now owns 52,071 shares of the company’s stock, valued at $2,863,905. The disclosure for this sale can be found here. Insiders sold 17,200 shares of company stock valued at $939,640 over the last 90 days. Corporate insiders own 3.84% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings 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 valued at $304,033,000 after buying an additional 141,356 shares during the last quarter. Mackenzie Financial Corp grew its holdings 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 valued at $60,458,000 after buying an additional 928,227 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Dave & Buster's Entertainment by 4.7% during the second quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock valued at $69,707,000 after buying an additional 47,031 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Dave & Buster's Entertainment by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,040,184 shares of the restaurant operator’s stock valued at $54,589,000 after buying an additional 6,493 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Dave & Buster's Entertainment by 6.5% during 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 buying an additional 61,034 shares during the last quarter.

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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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