Zacks: Analysts Expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to Announce $1.19 EPS

Equities analysts forecast that Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Rating) will announce earnings of $1.19 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Dave & Buster’s Entertainment’s earnings, with estimates ranging from $0.78 to $1.40. Dave & Buster’s Entertainment reported earnings of $0.40 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 197.5%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Dave & Buster’s Entertainment will report full-year earnings of $3.30 per share for the current financial year, with EPS estimates ranging from $2.30 to $3.79. For the next fiscal year, analysts anticipate that the company will post earnings of $3.84 per share, with EPS estimates ranging from $2.90 to $4.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dave & Buster’s Entertainment.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Rating) last issued its earnings results on Monday, March 28th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.09). Dave & Buster’s Entertainment had a net margin of 8.33% and a return on equity of 46.70%. The company had revenue of $343.10 million during the quarter, compared to analyst estimates of $364.46 million. During the same quarter in the previous year, the company posted ($1.19) EPS. The company’s quarterly revenue was up 193.7% on a year-over-year basis.

A number of research firms have recently commented on PLAY. BMO Capital Markets upped their price objective on Dave & Buster’s Entertainment from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. Truist Financial upped their target price on shares of Dave & Buster’s Entertainment from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, March 30th. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating and set a $32.00 price target on the stock. in a research note on Tuesday, February 8th. StockNews.com started coverage on shares of Dave & Buster’s Entertainment in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Raymond James raised their price objective on shares of Dave & Buster’s Entertainment from $55.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $50.91.

In other news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 18th. The shares were sold at an average price of $37.33, for a total value of $279,975.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin M. Sheehan bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 8th. The shares were bought at an average price of $40.58 per share, for a total transaction of $405,800.00. The disclosure for this purchase can be found here. Insiders own 3.57% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIC Capital Management UK LLP bought a new position in Dave & Buster’s Entertainment during the fourth quarter valued at about $48,728,000. Barclays PLC increased its position in shares of Dave & Buster’s Entertainment by 1,757.9% in the third quarter. Barclays PLC now owns 1,291,747 shares of the restaurant operator’s stock worth $49,512,000 after purchasing an additional 1,222,221 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Dave & Buster’s Entertainment in the third quarter worth approximately $35,378,000. Candlestick Capital Management LP grew its position in Dave & Buster’s Entertainment by 247.9% during the third quarter. Candlestick Capital Management LP now owns 1,205,744 shares of the restaurant operator’s stock valued at $46,216,000 after acquiring an additional 859,132 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Dave & Buster’s Entertainment by 36.8% during the fourth quarter. American Century Companies Inc. now owns 2,656,870 shares of the restaurant operator’s stock valued at $102,024,000 after acquiring an additional 714,895 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Shares of NASDAQ:PLAY traded up $2.31 on Monday, reaching $42.75. 67,379 shares of the company were exchanged, compared to its average volume of 1,253,907. The company has a current ratio of 0.47, a quick ratio of 0.34 and a debt-to-equity ratio of 1.57. Dave & Buster’s Entertainment has a 1-year low of $29.83 and a 1-year high of $52.54. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 0.82 and a beta of 1.89. The company has a 50-day moving average of $41.88 and a 200-day moving average of $38.86.

About Dave & Buster’s Entertainment (Get Rating)

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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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