Q2 2020 Earnings Estimate for Dave & Buster’s Entertainment Inc Issued By Jefferies Financial Group (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Research analysts at Jefferies Financial Group cut their Q2 2020 earnings per share (EPS) estimates for shares of Dave & Buster’s Entertainment in a research report issued on Tuesday, June 11th. Jefferies Financial Group analyst A. Barish now forecasts that the restaurant operator will post earnings of $0.86 per share for the quarter, down from their previous forecast of $0.89. Jefferies Financial Group currently has a “Buy” rating and a $56.00 target price on the stock.

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 for the quarter, missing the consensus estimate of $1.14 by ($0.01). The business had revenue of $363.58 million for the quarter, compared to the consensus estimate of $371.72 million. Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. Dave & Buster’s Entertainment’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share.

Other equities analysts also recently issued reports about the company. Maxim Group reiterated a “buy” rating and issued a $67.00 target price on shares of Dave & Buster’s Entertainment in a research report on Tuesday, June 4th. BidaskClub downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Loop Capital dropped their target price on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating for the company in a research report on Wednesday. They noted that the move was a valuation call. SunTrust Banks downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the company from $64.00 to $47.00 in a research report 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 report on Wednesday. Three 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. The stock currently has an average rating of “Hold” and a consensus price target of $56.70.

Dave & Buster’s Entertainment stock 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 stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 0.89 and a beta of 1.12. Dave & Buster’s Entertainment has a 12 month low of $39.31 and a 12 month high of $67.05.

Several institutional investors and hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in shares of Dave & Buster’s Entertainment by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock worth $750,000 after acquiring an additional 272 shares during the last quarter. Advisor Group Inc. raised its position in shares of Dave & Buster’s Entertainment by 14.1% during the first quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock worth $129,000 after acquiring an additional 320 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Dave & Buster’s Entertainment by 2.9% during the first quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock worth $619,000 after acquiring an additional 352 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of Dave & Buster’s Entertainment by 4.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock worth $484,000 after acquiring an additional 441 shares during the last quarter. Finally, Stormborn Capital Management LLC bought a new position in shares of Dave & Buster’s Entertainment during the first quarter worth about $86,000.

In other news, COO Margo Lynn Manning sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 23,960 shares in the company, valued at $1,372,908. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $201,440.00. Following the transaction, the senior vice president now owns 4,001 shares of the company’s stock, valued at $201,490.36. The disclosure for this sale can be found here. Insiders sold 33,135 shares of company stock valued at $1,822,245 over the last quarter. Corporate 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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