Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Expected to Post Quarterly Sales of $440.06 Million

Wall Street brokerages expect that Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) will post $440.06 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Dave & Buster’s Entertainment’s earnings. The highest sales estimate is $457.49 million and the lowest is $391.30 million. Dave & Buster’s Entertainment posted sales of $265.34 million during the same quarter last year, which would suggest a positive year over year growth rate of 65.8%. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Dave & Buster’s Entertainment will report full year sales of $1.66 billion for the current year, with estimates ranging from $1.54 billion to $1.85 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.85 billion, with estimates ranging from $1.66 billion to $2.27 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Dave & Buster’s Entertainment.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last announced its quarterly earnings results on Monday, March 28th. The restaurant operator reported $0.52 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $343.10 million during the quarter, compared to the consensus estimate of $364.46 million. During the same quarter in the previous year, the company posted ($1.19) earnings per share. The firm’s revenue was up 193.7% on a year-over-year basis.

Several research analysts recently issued reports on PLAY shares. Jefferies Financial Group raised their target price on Dave & Buster’s Entertainment from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, March 30th. Truist Financial raised their target price on Dave & Buster’s Entertainment from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft raised their target price on Dave & Buster’s Entertainment from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, March 30th. StockNews.com started coverage on Dave & Buster’s Entertainment in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Raymond James raised their target price on Dave & Buster’s Entertainment from $55.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $52.18.

In other Dave & Buster’s Entertainment news, VP Michael Joseph Metzinger sold 2,226 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $50.00, for a total transaction of $111,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Sheehan purchased 10,000 shares of the business’s stock in a transaction on Friday, April 8th. The shares were bought at an average price of $40.58 per share, with a total value of $405,800.00. Following the purchase, the chief executive officer now directly owns 163,798 shares in the company, valued at approximately $6,646,922.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 12,798 shares of company stock valued at $538,161. 3.21% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in PLAY. First Trust Advisors LP boosted its stake in shares of Dave & Buster’s Entertainment by 76.1% in the 1st quarter. First Trust Advisors LP now owns 28,731 shares of the restaurant operator’s stock worth $1,433,000 after buying an additional 12,420 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 11.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 4,316 shares of the restaurant operator’s stock worth $165,000 after buying an additional 440 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Dave & Buster’s Entertainment by 11.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 6,144 shares of the restaurant operator’s stock worth $236,000 after buying an additional 633 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth approximately $128,000. Finally, Citigroup Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 84.0% in the 3rd quarter. Citigroup Inc. now owns 53,013 shares of the restaurant operator’s stock worth $2,032,000 after buying an additional 24,195 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Shares of PLAY opened at $30.72 on Wednesday. Dave & Buster’s Entertainment has a 52 week low of $29.83 and a 52 week high of $52.54. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.71 and a beta of 1.81. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.34 and a current ratio of 0.47. The stock has a fifty day moving average of $43.48 and a 200-day moving average of $39.78.

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.

Featured Articles