Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) will release earnings data after market close on Wednesday, September 7. Analysts expect Dave & Buster’s Entertainment to post earnings of $1.02 per share for the quarter. Those wishing to listen to the company’s earnings conference call can do so using this link.
Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last released quarterly earnings data on Tuesday, June 7. The restaurateur reported earnings per share of $1.35 for the quarter, beating the consensus estimate of $1.16 by $0.19. The company posted revenue of $451.10 million in the quarter, compared to $440.63 million expected by analysts. Dave & Buster’s Entertainment had a net margin of 10.47% and a return on equity of 56.54%. The company’s quarterly revenue increased by 70.0% compared to the same quarter last year. During the same quarter last year, the company posted EPS of $0.40. On average, analysts expect Dave & Buster’s Entertainment to post EPS of $3 for the current fiscal year and EPS of $4 for the next fiscal year.
Dave & Buster’s Entertainment is trading down 1.4%
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PLAY opened at $40.98 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt ratio of 1.23. The stock has a market capitalization of $2.01 billion, a PE ratio of 13.01, a PEG ratio of 0.83 and a beta of 1.80. Dave & Buster’s Entertainment has a 1 year minimum of $29.60 and a 1 year maximum of $52.54. The company has a 50-day moving average price of $37.16 and a two-hundred-day moving average price of $39.95.
Insider buying and selling
In other news, CEO Christopher Daniel Morris acquired 33,400 shares of Dave & Buster’s Entertainment in a deal that took place on Wednesday, July 13. The shares were acquired at an average price of $30.54 per share, with a total value of $1,020,036.00. As a result of the purchase, the CEO now directly owns 48,206 shares of the company, valued at $1,472,211.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. 3.21% of the shares are held by insiders.
Institutional entries and exits
Several hedge funds and other institutional investors have recently bought and sold shares of PLAY. Lazard Asset Management LLC bought a new position in Dave & Buster’s Entertainment in the first quarter, valued at approximately $32,000. Captrust Financial Advisors increased its stake in Dave & Buster’s Entertainment by 221.8% in the first quarter. Captrust Financial Advisors now owns 2,301 shares of the restaurateur valued at $113,000 after buying 1,586 additional shares last quarter. Envestnet Asset Management Inc. bought a new position in Dave & Buster’s Entertainment in the first quarter, valued at approximately $218,000. Graham Capital Management LP bought a new position in Dave & Buster’s Entertainment in the first quarter, valued at around $297,000. Finally, Renaissance Technologies LLC bought a new position in Dave & Buster’s Entertainment in the first quarter, valued at approximately $344,000. Institutional investors hold 99.21% of the company’s shares.
Wall Street analysts predict growth
Several equity research analysts have weighed in on PLAY stocks. Deutsche Bank Aktiengesellschaft began covering Dave & Buster’s Entertainment shares in a research report on Wednesday, July 13. They issued a “hold” rating and a price target of $37.00 for the company. Raymond James lowered his price target on shares of Dave & Buster’s Entertainment from $60.00 to $55.00 and set a “Strong Buy” rating for the company in a Wednesday, July 13 research report. StockNews.com moved shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a Friday, July 8 research report. Piper Sandler raised her price target on shares of Dave & Buster’s Entertainment from $42.00 to $44.00 and gave the stock a “neutral” rating in a Wednesday, June 8 research report. Finally, Stifel Nicolaus lowered his price target on shares of Dave & Buster’s Entertainment from $45.00 to $36.00 and set a “holding” rating for the company in a Tuesday, June 21 research report. One analyst gave the stock a sell rating, four gave the stock a hold rating, five gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.10.
About Dave & Buster’s Entertainment
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Dave & Buster’s Entertainment, Inc. owns and operates adult and family entertainment and dining venues. Its places offer a menu of starters and appetizers, as well as a selection of non-alcoholic and alcoholic drinks; and an assortment of entertainment attractions centered around gaming and watching live sports, and other televised events.
Further reading
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