Research Analysts Offer Predictions for Dave & Buster’s Entertainment Inc’s Q2 2020 Earnings (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Stock analysts at SunTrust Banks decreased their Q2 2020 earnings per share (EPS) estimates for Dave & Buster’s Entertainment in a research note issued on Tuesday, June 11th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will earn $0.84 per share for the quarter, down from their prior forecast of $0.89. SunTrust Banks has a “Hold” rating and a $47.00 price objective on the stock. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q3 2020 earnings at $0.14 EPS, Q3 2021 earnings at $0.13 EPS and Q4 2021 earnings at $0.84 EPS.

Other research analysts also recently issued reports about the company. Maxim Group reiterated a “buy” rating and set a $67.00 target price on shares of Dave & Buster’s Entertainment in a research note on Tuesday, June 4th. BidaskClub downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. Loop Capital reduced their target price on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating for the company in a research note on Wednesday. They noted that the move was a valuation call. Jefferies Financial Group reduced their target price on Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Gordon Haskett downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $41.70 target price for the company. in a research note on Wednesday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $56.70.

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

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 the Zacks’ consensus estimate of $1.14 by ($0.01). The company had revenue of $363.58 million during the quarter, compared to the consensus estimate of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 28.11%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 earnings per share.

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction on Friday, March 15th. The stock was sold at an average price of $48.37, for a total value of $362,775.00. Following the completion of the transaction, the senior vice president now directly owns 17,004 shares of the company’s stock, valued at approximately $822,483.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen M. King sold 10,935 shares of Dave & Buster’s Entertainment stock in a transaction on Friday, April 5th. The shares were sold at an average price of $54.69, for a total value of $598,035.15. Following the completion of the transaction, the director now directly owns 43,186 shares of the company’s stock, valued at $2,361,842.34. The disclosure for this sale can be found here. Insiders sold a total of 40,635 shares of company stock valued at $2,185,020 over the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. BlackRock Inc. lifted its position in shares of Dave & Buster’s Entertainment by 0.6% during the 1st quarter. BlackRock Inc. now owns 5,668,522 shares of the restaurant operator’s stock worth $282,689,000 after purchasing an additional 32,730 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Dave & Buster’s Entertainment by 16.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,075,402 shares of the restaurant operator’s stock valued at $92,480,000 after purchasing an additional 286,696 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Dave & Buster’s Entertainment by 5.7% during the first quarter. Rice Hall James & Associates LLC now owns 1,425,151 shares of the restaurant operator’s stock valued at $71,072,000 after buying an additional 77,409 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Dave & Buster’s Entertainment by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,253,600 shares of the restaurant operator’s stock worth $62,518,000 after acquiring an additional 70,707 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Dave & Buster’s Entertainment by 1.0% during the 1st quarter. Eagle Asset Management Inc. now owns 1,176,423 shares of the restaurant operator’s stock valued at $58,668,000 after acquiring an additional 11,297 shares during the last quarter.

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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