Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Analysts at SunTrust Banks reduced their Q3 2018 earnings estimates for shares of Dave & Buster’s Entertainment in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $0.27 for the quarter, down from their prior estimate of $0.29. SunTrust Banks has a “Buy” rating and a $85.00 price objective on the stock. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q4 2018 earnings at $0.73 EPS, FY2018 earnings at $2.58 EPS and Q3 2019 earnings at $0.35 EPS.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity boosted their price target on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Jefferies Group LLC boosted their price target on Dave & Buster’s Entertainment from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, May 23rd. Maxim Group reissued a “buy” rating and issued a $72.00 price target on shares of Dave & Buster’s Entertainment in a report on Friday, June 2nd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $77.00 price target (up from $64.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Dave & Buster’s Entertainment currently has a consensus rating of “Buy” and an average price target of $74.11.

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Shares of Dave & Buster’s Entertainment (PLAY) opened at 50.95 on Thursday. The firm has a 50-day moving average price of $60.13 and a 200 day moving average price of $62.78. Dave & Buster’s Entertainment has a one year low of $37.60 and a one year high of $73.48. The stock has a market capitalization of $2.11 billion, a PE ratio of 21.56 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The company had revenue of $280.80 million during the quarter, compared to analysts’ expectations of $281.69 million. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS.

A number of institutional investors have recently added to or reduced their stakes in PLAY. Tower Research Capital LLC TRC increased its stake in Dave & Buster’s Entertainment by 335.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 1,468 shares during the last quarter. Tyers Asset Management LLC increased its stake in Dave & Buster’s Entertainment by 9.2% in the first quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock valued at $122,000 after purchasing an additional 168 shares during the last quarter. Strs Ohio increased its stake in Dave & Buster’s Entertainment by 76.9% in the first quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock valued at $140,000 after purchasing an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dave & Buster’s Entertainment by 147.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Flinton Capital Management LLC increased its stake in Dave & Buster’s Entertainment by 9.2% in the first quarter. Flinton Capital Management LLC now owns 2,414 shares of the restaurant operator’s stock valued at $148,000 after purchasing an additional 204 shares during the last quarter.

In related news, CEO Stephen M. King sold 45,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $49.80, for a total value of $2,241,000.00. Following the completion of the transaction, the chief executive officer now directly owns 22,501 shares in the company, valued at $1,120,549.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO John P. Gleason sold 15,000 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $66.96, for a total value of $1,004,400.00. Following the completion of the transaction, the chief marketing officer now owns 25,505 shares of the company’s stock, valued at $1,707,814.80. The disclosure for this sale can be found here. Insiders sold 102,500 shares of company stock valued at $5,949,550 over the last quarter. Insiders own 5.60% of the company’s stock.

Dave & Buster’s Entertainment declared that its board has approved a stock buyback plan on Tuesday, June 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is 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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