FY2029 Earnings Forecast for PLAY Issued By Zacks Research

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities research analysts at Zacks Research issued their FY2029 EPS estimates for shares of Dave & Buster’s Entertainment in a report released on Tuesday, April 14th. Zacks Research analyst Team forecasts that the restaurant operator will post earnings of ($0.36) per share for the year. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for Dave & Buster’s Entertainment’s current full-year earnings is $2.52 per share.

Several other research firms also recently weighed in on PLAY. Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, January 16th. Piper Sandler dropped their target price on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Wall Street Zen downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of “Hold” and an average target price of $21.83.

Dave & Buster’s Entertainment Stock Up 0.7%

PLAY stock opened at $13.64 on Wednesday. The firm has a market cap of $473.85 million, a PE ratio of -9.54 and a beta of 1.83. The company has a debt-to-equity ratio of 16.61, a quick ratio of 0.19 and a current ratio of 0.29. The firm’s 50 day moving average price is $13.97 and its 200-day moving average price is $16.14. Dave & Buster’s Entertainment has a one year low of $9.61 and a one year high of $35.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.74). The firm had revenue of $529.60 million for the quarter, compared to analysts’ expectations of $556.56 million. Dave & Buster’s Entertainment had a negative net margin of 2.32% and a negative return on equity of 7.93%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the first quarter worth $430,000. Creative Planning acquired a new position in shares of Dave & Buster’s Entertainment in the second quarter worth $311,000. Marshall Wace LLP acquired a new position in shares of Dave & Buster’s Entertainment in the second quarter worth $243,000. Cerity Partners LLC grew its stake in shares of Dave & Buster’s Entertainment by 13.2% in the second quarter. Cerity Partners LLC now owns 22,654 shares of the restaurant operator’s stock worth $681,000 after acquiring an additional 2,644 shares in the last quarter. Finally, Caption Management LLC grew its stake in shares of Dave & Buster’s Entertainment by 624.7% in the second quarter. Caption Management LLC now owns 14,153 shares of the restaurant operator’s stock worth $426,000 after acquiring an additional 12,200 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.