Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Analysts at SunTrust Banks reduced their Q3 2018 earnings per share estimates for shares of Dave & Buster’s Entertainment in a report released on Thursday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will earn $0.26 per share for the quarter, down from their previous estimate of $0.27.

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

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Several other equities analysts have also recently weighed in on PLAY. Piper Jaffray Companies reissued a “buy” rating and issued a $69.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Thursday. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. TheStreet cut shares of Dave & Buster’s Entertainment from a “b” rating to a “c” rating in a research note on Wednesday, October 4th. BidaskClub cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Dave & Buster’s Entertainment in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Dave & Buster’s Entertainment has an average rating of “Buy” and an average price target of $74.11.

Shares of Dave & Buster’s Entertainment (NASDAQ PLAY) opened at 49.70 on Monday. The firm has a market capitalization of $2.04 billion, a PE ratio of 19.35 and a beta of 0.60. The stock has a 50 day moving average price of $54.20 and a 200 day moving average price of $61.90. Dave & Buster’s Entertainment has a 1-year low of $39.00 and a 1-year high of $73.48.

Dave & Buster’s Entertainment announced that its board has authorized a stock repurchase program on Friday, September 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to buy up to 4.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

In other news, SVP J Michael Plunkett sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total value of $153,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Jenkins sold 500 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $52.25, for a total transaction of $26,125.00. Following the completion of the sale, the chief financial officer now owns 5,042 shares of the company’s stock, valued at approximately $263,444.50. The disclosure for this sale can be found here. Insiders have sold a total of 68,000 shares of company stock valued at $3,565,675 in the last quarter. 3.84% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in shares of Dave & Buster’s Entertainment by 335.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock worth $116,000 after buying an additional 1,468 shares during the last quarter. Strs Ohio grew its position in shares of Dave & Buster’s Entertainment by 76.9% in the 1st quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock worth $140,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Dave & Buster’s Entertainment by 147.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after buying an additional 1,286 shares during the last quarter. Point72 Asia Hong Kong Ltd grew its position in shares of Dave & Buster’s Entertainment by 14,258.8% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,441 shares of the restaurant operator’s stock worth $149,000 after buying an additional 2,424 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth approximately $153,000.

About Dave & Buster’s Entertainment

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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