Q4 2020 EPS Estimates for Dave & Buster’s Entertainment Inc Lowered by Analyst (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Research analysts at Piper Jaffray Companies lowered their Q4 2020 earnings per share (EPS) estimates for Dave & Buster’s Entertainment in a research report issued to clients and investors on Tuesday, June 11th. Piper Jaffray Companies analyst N. Regan now anticipates that the restaurant operator will earn $0.77 per share for the quarter, down from their prior forecast of $0.78. Piper Jaffray Companies currently has a “Overweight” rating and a $55.00 price objective on the stock.

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

A number of other equities research analysts also recently weighed in on PLAY. BidaskClub downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Tuesday. Maxim Group reiterated a “buy” rating and set a $67.00 price target on shares of Dave & Buster’s Entertainment in a research report on Tuesday, June 4th. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment to $55.00 and set an “outperform” rating for the company in a research report on Wednesday. ValuEngine cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Loop Capital reduced their price target 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. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.70.

PLAY opened at $40.06 on Friday. Dave & Buster’s Entertainment has a 12-month low of $39.31 and a 12-month high of $67.05. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.26 and a current ratio of 0.28. The firm has a market cap of $1.45 billion, a PE ratio of 13.67, a PEG ratio of 0.89 and a beta of 1.12.

In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $50.36, for a total value of $201,440.00. Following the sale, the senior vice president now directly owns 4,001 shares of the company’s stock, valued at $201,490.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. King sold 10,935 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 43,186 shares in the company, valued at $2,361,842.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,135 shares of company stock worth $1,822,245. 3.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Stormborn Capital Management LLC acquired a new stake in Dave & Buster’s Entertainment in the 1st quarter worth about $86,000. Valeo Financial Advisors LLC acquired a new stake in Dave & Buster’s Entertainment in the 1st quarter worth about $55,000. Advisor Group Inc. raised its stake in 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 purchasing an additional 320 shares in the last quarter. Quantamental Technologies LLC raised its stake in Dave & Buster’s Entertainment by 57.5% in 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 Dave & Buster’s Entertainment in the 1st quarter worth about $155,000.

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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