Dave & Buster’s Entertainment Inc to Post FY2020 Earnings of $2.92 Per Share, SunTrust Banks Forecasts (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Stock analysts at SunTrust Banks decreased their FY2020 earnings estimates for Dave & Buster’s Entertainment in a research report issued to clients and investors on Tuesday, June 11th. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings per share of $2.92 for the year, down from their previous estimate of $3.11. SunTrust Banks currently has a “Hold” rating and a $47.00 target price on the stock. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q4 2020 earnings at $0.80 EPS, Q1 2021 earnings at $1.22 EPS, Q2 2021 earnings at $0.90 EPS and FY2021 earnings at $3.11 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data 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 return on equity of 29.12% and a net margin of 9.06%. The firm had revenue of $363.58 million for the quarter, compared to analysts’ expectations of $371.72 million. During the same quarter in the prior year, the business posted $1.04 earnings per share. Dave & Buster’s Entertainment’s revenue was up 9.5% on a year-over-year basis.

PLAY has been the topic of several other reports. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday. Maxim Group reissued a “buy” rating and set a $67.00 target price on shares of Dave & Buster’s Entertainment in a research report on Tuesday, June 4th. BMO Capital Markets lowered their target price on shares of Dave & Buster’s Entertainment to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday. ValuEngine downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Loop Capital lowered their target price on shares of Dave & Buster’s Entertainment to $55.00 and set a “buy” rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, three have assigned 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 an average price target of $56.70.

Shares of NASDAQ:PLAY opened at $40.06 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.28 and a debt-to-equity ratio of 4.17. The firm has a market cap of $1.45 billion, a P/E ratio of 13.67, a PEG ratio of 0.89 and a beta of 1.12. Dave & Buster’s Entertainment has a 1 year low of $39.31 and a 1 year high of $67.05.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total transaction of $573,000.00. Following the completion of the transaction, the chief operating officer now owns 23,960 shares in the company, valued at $1,372,908. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP J Michael Plunkett sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $50.36, for a total transaction of $201,440.00. Following the transaction, the senior vice president now owns 4,001 shares of the company’s stock, valued at approximately $201,490.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,135 shares of company stock worth $1,822,245. 3.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in PLAY. Bank of Montreal Can raised its holdings in Dave & Buster’s Entertainment by 20.7% in the 4th quarter. Bank of Montreal Can now owns 15,708 shares of the restaurant operator’s stock worth $700,000 after purchasing an additional 2,695 shares in the last quarter. Rhumbline Advisers raised its holdings in Dave & Buster’s Entertainment by 20.8% in the 4th quarter. Rhumbline Advisers now owns 109,864 shares of the restaurant operator’s stock worth $4,896,000 after purchasing an additional 18,921 shares in the last quarter. Dupont Capital Management Corp raised its holdings in Dave & Buster’s Entertainment by 37.9% in the 4th quarter. Dupont Capital Management Corp now owns 12,804 shares of the restaurant operator’s stock worth $571,000 after purchasing an additional 3,517 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Dave & Buster’s Entertainment by 17.4% in the 4th quarter. Victory Capital Management Inc. now owns 814,354 shares of the restaurant operator’s stock worth $36,288,000 after purchasing an additional 120,524 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in 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 purchasing an additional 286,696 shares in the last quarter.

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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