Zacks Research Has Optimistic Outlook of PLAY Q1 Earnings

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Equities researchers at Zacks Research upped their Q1 2028 earnings estimates for shares of Dave & Buster’s Entertainment in a research note issued on Tuesday, May 20th. Zacks Research analyst R. Department now expects that the restaurant operator will post earnings of $0.89 per share for the quarter, up from their previous estimate of $0.88. The consensus estimate for Dave & Buster’s Entertainment’s current full-year earnings is $2.52 per share.

PLAY has been the subject of a number of other research reports. Truist Financial reduced their target price on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. BMO Capital Markets reduced their target price on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Piper Sandler reduced their target price on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Loop Capital reduced their target price on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.00.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $20.91 on Thursday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The company has a fifty day moving average of $19.32 and a two-hundred day moving average of $25.55. The stock has a market capitalization of $722.00 million, a PE ratio of 10.35 and a beta of 1.94. Dave & Buster’s Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $52.73.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. The firm had revenue of $534.50 million during the quarter, compared to analysts’ expectations of $548.77 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business’s revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearline Capital LP increased its holdings in shares of Dave & Buster’s Entertainment by 17.7% in the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator’s stock valued at $23,706,000 after purchasing an additional 203,012 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at approximately $968,000. AQR Capital Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at approximately $430,000. Quantbot Technologies LP acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at approximately $419,000. Finally, Marathon Trading Investment Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at approximately $402,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.