Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Expected to Post Earnings of $1.19 Per Share

Wall Street brokerages expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Rating) to post earnings of $1.19 per share for the current quarter, Zacks reports. Six analysts have issued estimates for Dave & Buster’s Entertainment’s earnings. The highest EPS estimate is $1.40 and the lowest is $0.78. Dave & Buster’s Entertainment reported earnings per share of $0.40 in the same quarter last year, which indicates a positive year over year growth rate of 197.5%. The business is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Dave & Buster’s Entertainment will report full-year earnings of $3.34 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $3.79. For the next financial year, analysts forecast that the company will post earnings of $3.91 per share, with EPS estimates ranging from $2.90 to $4.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dave & Buster’s Entertainment.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Rating) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $364.46 million. During the same quarter in the prior year, the firm earned ($1.19) EPS. Dave & Buster’s Entertainment’s quarterly revenue was up 193.7% compared to the same quarter last year.

A number of equities research analysts have weighed in on PLAY shares. Truist Financial upped their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, March 30th. Raymond James upped 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 report on Wednesday, March 30th. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating and set a $32.00 price objective on the stock. in a report on Tuesday, February 8th. BMO Capital Markets upped their price objective on shares of Dave & Buster’s Entertainment from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Dave & Buster’s Entertainment from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, March 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment currently has a consensus rating of “Buy” and an average price target of $50.91.

Shares of NASDAQ PLAY traded up $0.80 during midday trading on Monday, hitting $46.30. 85,139 shares of the company traded hands, compared to its average volume of 1,228,167. The firm has a market cap of $2.25 billion, a P/E ratio of 20.90, a P/E/G ratio of 0.91 and a beta of 1.89. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.34 and a current ratio of 0.47. Dave & Buster’s Entertainment has a 12-month low of $29.83 and a 12-month high of $52.54. The stock has a 50-day moving average price of $43.91 and a 200 day moving average price of $39.56.

In related news, VP Michael Joseph Metzinger sold 2,226 shares of the stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $50.00, for a total transaction of $111,300.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin M. Sheehan purchased 10,000 shares of the firm’s stock in a transaction on Friday, April 8th. The stock was acquired at an average price of $40.58 per share, for a total transaction of $405,800.00. Following the completion of the transaction, the chief executive officer now directly owns 163,798 shares of the company’s stock, valued at approximately $6,646,922.84. The disclosure for this purchase can be found here. Corporate insiders own 3.57% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its stake in shares of Dave & Buster’s Entertainment by 76.1% in the first quarter. First Trust Advisors LP now owns 28,731 shares of the restaurant operator’s stock worth $1,433,000 after purchasing an additional 12,420 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of Dave & Buster’s Entertainment by 9.7% in the third quarter. AE Wealth Management LLC now owns 16,279 shares of the restaurant operator’s stock worth $624,000 after purchasing an additional 1,436 shares in the last quarter. Deutsche Bank AG grew its stake in Dave & Buster’s Entertainment by 154.1% during the third quarter. Deutsche Bank AG now owns 117,425 shares of the restaurant operator’s stock valued at $4,502,000 after acquiring an additional 71,207 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Dave & Buster’s Entertainment by 11.4% during the third quarter. Advisor Group Holdings Inc. now owns 4,316 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 440 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Dave & Buster’s Entertainment by 5.0% during the third quarter. Los Angeles Capital Management LLC now owns 17,495 shares of the restaurant operator’s stock valued at $671,000 after acquiring an additional 840 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

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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