Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Forecasted to Post Q2 2020 Earnings of $0.91 Per Share

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Investment analysts at William Blair increased their Q2 2020 earnings per share (EPS) estimates for Dave & Buster’s Entertainment in a research note issued on Wednesday, June 12th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings of $0.91 per share for the quarter, up from their prior forecast of $0.88. William Blair also issued estimates for Dave & Buster’s Entertainment’s FY2020 earnings at $2.88 EPS.

Several other research firms also recently weighed in on PLAY. BidaskClub downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Piper Jaffray Companies cut their price objective on Dave & Buster’s Entertainment from $64.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Co raised their price objective on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. Jefferies Financial Group cut their price objective on Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, BMO Capital Markets reissued an “outperform” rating and set a $66.00 price objective (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Three analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus price target of $56.70.

NASDAQ PLAY opened at $40.00 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.37. Dave & Buster’s Entertainment has a twelve month low of $39.46 and a twelve month high of $67.05. The firm has a market cap of $1.89 billion, a P/E ratio of 13.65, a PEG ratio of 1.13 and a beta of 1.12.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 28.11%. The business had revenue of $363.58 million during the quarter, compared to the consensus estimate of $371.72 million. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis.

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $20,753,000. Lord Abbett & CO. LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $16,629,000. 1060 Capital LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $13,368,000. Mackenzie Financial Corp boosted its stake in shares of Dave & Buster’s Entertainment by 16.0% in the 4th quarter. Mackenzie Financial Corp now owns 2,075,402 shares of the restaurant operator’s stock worth $92,480,000 after buying an additional 286,696 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Dave & Buster’s Entertainment by 61.2% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 594,860 shares of the restaurant operator’s stock worth $29,666,000 after buying an additional 225,900 shares during the last quarter.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $57.30, for a total transaction of $573,000.00. Following the completion of the sale, the chief operating officer now directly owns 23,960 shares of the company’s stock, valued at approximately $1,372,908. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP J Michael Plunkett sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $50.36, for a total value of $201,440.00. Following the sale, the senior vice president now directly owns 4,001 shares of the company’s stock, valued at $201,490.36. The disclosure for this sale can be found here. Insiders have sold a total of 40,635 shares of company stock valued at $2,185,020 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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.

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Earnings History and Estimates for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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