FY2020 EPS Estimates for Dave & Buster’s Entertainment Inc Boosted by Analyst (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Piper Jaffray Companies boosted their FY2020 earnings per share estimates for Dave & Buster’s Entertainment in a research report issued on Tuesday, June 11th. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings per share of $3.05 for the year, up from their prior estimate of $3.03. Piper Jaffray Companies has a “Overweight” rating and a $55.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Dave & Buster’s Entertainment’s Q1 2021 earnings at $1.35 EPS.

Other equities research analysts have also recently issued research reports about the company. Maxim Group restated a “buy” rating and issued a $67.00 price target on shares of Dave & Buster’s Entertainment in a research note on Tuesday, June 4th. BidaskClub cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Loop Capital dropped their price target on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. Jefferies Financial Group dropped their price target on Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, SunTrust Banks cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and dropped their price target for the company from $64.00 to $47.00 in a research note on Wednesday. Three analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Dave & Buster’s Entertainment has a consensus rating of “Hold” and an average price target of $56.70.

PLAY opened at $40.00 on Thursday. Dave & Buster’s Entertainment has a 1-year low of $39.46 and a 1-year high of $67.05. The company has a current ratio of 0.37, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $1.89 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the company posted $1.04 EPS. The firm’s revenue was up 9.5% on a year-over-year basis.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLAY. Valeo Financial Advisors LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter worth $55,000. Stormborn Capital Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter worth $86,000. Advisor Group Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 14.1% during the 1st quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 320 shares in the last quarter. Quantamental Technologies LLC grew its holdings in shares of Dave & Buster’s Entertainment by 57.5% during the 1st quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock worth $148,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Buffington Mohr McNeal acquired a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter worth $155,000.

In other Dave & Buster’s Entertainment news, CMO John P. Gleason sold 8,200 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $54.85, for a total value of $449,770.00. Following the transaction, the chief marketing officer now directly owns 23,458 shares of the company’s stock, valued at approximately $1,286,671.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total value of $573,000.00. Following the completion of the transaction, the chief operating officer now directly owns 23,960 shares in the company, valued at $1,372,908. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,635 shares of company stock worth $2,185,020. Insiders own 3.70% of the company’s stock.

About Dave & Buster’s Entertainment

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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