Dave & Buster’s Entertainment (NASDAQ:PLAY) announced its quarterly earnings results on Tuesday. The restaurant operator reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04, Fidelity Earnings reports. Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. The company had revenue of $344.60 million during the quarter, compared to analysts’ expectations of $345.27 million. Dave & Buster’s Entertainment updated its FY 2019 guidance to EPS.
NASDAQ PLAY opened at $39.48 on Wednesday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 0.97 and a beta of 0.86. The company has a quick ratio of 0.17, a current ratio of 0.28 and a debt-to-equity ratio of 4.17. Dave & Buster’s Entertainment has a twelve month low of $37.21 and a twelve month high of $67.05. The stock has a fifty day simple moving average of $40.46 and a 200 day simple moving average of $46.70.
PLAY has been the topic of a number of research reports. BidaskClub upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research report on Saturday, August 31st. William Blair downgraded Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Maxim Group cut their price target on Dave & Buster’s Entertainment from $62.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Gordon Haskett cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $41.70 price target on the stock. in a report on Wednesday, June 12th. Finally, Loop Capital cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $48.48.
In related news, Director Michael J. Griffith bought 5,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Tuesday, July 2nd. The shares were acquired at an average cost of $39.32 per share, for a total transaction of $196,600.00. Following the completion of the acquisition, the director now directly owns 16,327 shares of the company’s stock, valued at approximately $641,977.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Mulleady sold 7,500 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $39.94, for a total transaction of $299,550.00. Following the sale, the senior vice president now directly owns 21,319 shares of the company’s stock, valued at approximately $851,480.86. The disclosure for this sale can be found here. 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 entrÃ©es 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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