Q3 2020 EPS Estimates for Dave & Buster’s Entertainment Inc Reduced by Analyst (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Investment analysts at William Blair decreased their Q3 2020 earnings per share (EPS) estimates for Dave & Buster’s Entertainment in a report released on Wednesday, June 12th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.07 for the quarter, down from their prior forecast of $0.17. William Blair also issued estimates for Dave & Buster’s Entertainment’s Q4 2020 earnings at $0.74 EPS and FY2021 earnings at $3.10 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 EPS for the quarter, missing the Zacks’ 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 29.12%. The firm had revenue of $363.58 million during the quarter, compared to analysts’ expectations of $371.72 million. During the same period in the prior year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis.

A number of other research analysts also recently commented on the stock. SunTrust Banks dropped their target price on shares of Dave & Buster’s Entertainment to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. BMO Capital Markets reiterated an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, April 3rd. Maxim Group reiterated a “buy” rating and set a $67.00 price target on shares of Dave & Buster’s Entertainment in a research note on Tuesday, June 4th. Jefferies Financial Group decreased their price target on shares of 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, Wells Fargo & Co increased their price target on shares of Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus target price of $56.70.

NASDAQ PLAY opened at $40.06 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.26 and a debt-to-equity ratio of 4.17. The firm has a market capitalization of $1.45 billion, a P/E ratio of 13.67, a P/E/G 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.

A number of large investors have recently modified their holdings of PLAY. Oregon Public Employees Retirement Fund lifted its stake in shares of Dave & Buster’s Entertainment by 1.8% in the 1st 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 period. Advisor Group Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 14.1% in the 1st 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 period. Mason Street Advisors LLC lifted its stake in shares of Dave & Buster’s Entertainment by 2.9% in the 1st 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 period. Piedmont Investment Advisors Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 4.8% in the 1st 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 period. Finally, Stormborn Capital Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter worth $86,000.

In related news, Director Stephen M. King sold 10,935 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $54.69, for a total transaction of $598,035.15. Following the completion of the sale, the director now owns 43,186 shares in the company, valued at approximately $2,361,842.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP J Michael Plunkett sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $50.36, for a total transaction of $201,440.00. Following the sale, 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. In the last quarter, insiders have sold 33,135 shares of company stock valued at $1,822,245. 3.70% of the stock is owned by company insiders.

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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