Dave & Buster’s Entertainment, Inc. (PLAY) Scheduled to Post Earnings on Tuesday
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) will be posting its quarterly earnings results after the market closes on Tuesday, September 5th. Analysts expect Dave & Buster’s Entertainment to post earnings of $0.58 per share for the quarter.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Thursday, June 8th. The restaurant operator reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.17. Dave & Buster’s Entertainment had a return on equity of 22.71% and a net margin of 9.78%. The firm had revenue of $304.15 million for the quarter, compared to analyst estimates of $299.77 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts expect Dave & Buster’s Entertainment to post $2.65 EPS for the current fiscal year and $2.87 EPS for the next fiscal year.
Dave & Buster’s Entertainment, Inc. (NASDAQ PLAY) traded down 1.06% during trading on Friday, reaching $57.84. The company’s stock had a trading volume of 708,120 shares. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 24.48 and a beta of 0.64. Dave & Buster’s Entertainment, Inc. has a 52-week low of $37.60 and a 52-week high of $73.48. The firm has a 50 day moving average price of $62.10 and a 200-day moving average price of $62.92.
Dave & Buster’s Entertainment announced that its Board of Directors has approved a stock repurchase program on Tuesday, June 6th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 3.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In related news, CFO Brian Jenkins sold 22,500 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $66.53, for a total value of $1,496,925.00. Following the sale, the chief financial officer now directly owns 1 shares of the company’s stock, valued at approximately $66.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jay L. Tobin sold 19,186 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $71.70, for a total transaction of $1,375,636.20. Following the completion of the sale, the senior vice president now directly owns 56,071 shares in the company, valued at $4,020,290.70. The disclosure for this sale can be found here. Insiders have sold a total of 144,186 shares of company stock worth $10,085,186 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.
Several analysts have recently issued reports on the stock. Piper Jaffray Companies upped their target price on shares of Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, June 7th. Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, August 22nd. BMO Capital Markets restated a “buy” rating and set a $77.00 target price (up from $64.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, June 7th. Canaccord Genuity decreased their target price on shares of Dave & Buster’s Entertainment from $77.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Raymond James Financial, Inc. restated an “outperform” rating and set a $77.00 target price on shares of Dave & Buster’s Entertainment in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $75.44.
Dave & Buster’s Entertainment Company Profile
Dave & Busters Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of Fun American New Gourmet entrées 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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