Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities researchers at William Blair decreased their Q3 2018 earnings per share (EPS) estimates for Dave & Buster’s Entertainment in a report released on Wednesday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will earn $0.20 per share for the quarter, down from their previous estimate of $0.27. William Blair also issued estimates for Dave & Buster’s Entertainment’s Q4 2018 earnings at $0.73 EPS.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $71.00 target price (down previously from $78.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Maxim Group reaffirmed a “buy” rating and issued a $78.00 target price on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Piper Jaffray Companies upped their target price on 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. Finally, Canaccord Genuity upped their target price on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $74.11.

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Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) traded down 2.90% during mid-day trading on Thursday, hitting $49.92. The stock had a trading volume of 1,280,567 shares. Dave & Buster’s Entertainment has a 52 week low of $37.60 and a 52 week high of $73.48. The stock has a market capitalization of $2.07 billion, a P/E ratio of 21.13 and a beta of 0.65. The stock has a 50 day moving average of $61.09 and a 200-day moving average of $62.96.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a return on equity of 24.37% and a net margin of 10.27%. The company had revenue of $280.80 million for the quarter, compared to analyst estimates of $281.69 million. During the same quarter last year, the firm earned $0.50 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was up 14.9% compared to the same quarter last year.

A number of large investors have recently modified their holdings of PLAY. Bank of Montreal Can lifted its stake in Dave & Buster’s Entertainment by 224.9% during the first quarter. Bank of Montreal Can now owns 24,305 shares of the restaurant operator’s stock worth $1,484,000 after purchasing an additional 16,825 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Dave & Buster’s Entertainment during the first quarter worth $2,125,000. Strs Ohio lifted its stake in Dave & Buster’s Entertainment by 76.9% during the first quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Dave & Buster’s Entertainment by 61.7% during the first quarter. Russell Investments Group Ltd. now owns 95,207 shares of the restaurant operator’s stock worth $5,815,000 after purchasing an additional 36,345 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Dave & Buster’s Entertainment by 6.4% during the first quarter. Great West Life Assurance Co. Can now owns 51,518 shares of the restaurant operator’s stock worth $3,147,000 after purchasing an additional 3,120 shares during the last quarter.

In related news, COO Margo Lynn Manning sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total transaction of $664,600.00. Following the sale, the chief operating officer now owns 15,447 shares of the company’s stock, valued at $1,026,607.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Jenkins sold 22,500 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was 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 in the company, valued at approximately $66.53. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $3,332,800 in the last three months. 5.60% of the stock is currently owned by company insiders.

Dave & Buster’s Entertainment announced that its board has authorized a stock repurchase program on Tuesday, June 6th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the restaurant operator to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s 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.

Earnings History and Estimates for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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