Zacks: Analysts Anticipate Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to Announce $0.10 Earnings Per Share

Wall Street brokerages expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to post earnings per share of $0.10 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Dave & Buster’s Entertainment’s earnings, with estimates ranging from ($0.01) to $0.26. Dave & Buster’s Entertainment reported earnings of ($1.01) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 109.9%. The company is scheduled to announce its next quarterly earnings report on Thursday, December 9th.

According to Zacks, analysts expect that Dave & Buster’s Entertainment will report full-year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $1.97 to $2.60. For the next year, analysts forecast that the business will report earnings of $2.79 per share, with EPS estimates ranging from $2.15 to $3.28. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Dave & Buster’s Entertainment.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Wednesday, September 8th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.49. The company had revenue of $377.64 million for the quarter, compared to analysts’ expectations of $358.46 million. Dave & Buster’s Entertainment had a negative return on equity of 16.88% and a negative net margin of 3.73%. The firm’s revenue was up 642.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.19) earnings per share.

PLAY has been the topic of several research reports. Wells Fargo & Company upped their price target on Dave & Buster’s Entertainment from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Friday, September 10th. Stifel Nicolaus cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and dropped their price target for the company from $58.00 to $40.00 in a report on Monday, August 30th. Jefferies Financial Group raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.00 to $56.00 in a research note on Friday, September 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dave & Buster’s Entertainment from $57.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, September 13th. Finally, Loop Capital assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Tuesday, October 5th. They set a “buy” rating and a $56.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment has an average rating of “Buy” and an average target price of $50.58.

Shares of NASDAQ PLAY traded up $0.27 during trading on Friday, hitting $36.41. The company had a trading volume of 748,010 shares, compared to its average volume of 1,386,158. The company has a market cap of $1.76 billion, a P/E ratio of -49.88 and a beta of 1.97. Dave & Buster’s Entertainment has a 52 week low of $23.96 and a 52 week high of $51.73. The business’s 50-day moving average is $38.30 and its 200 day moving average is $38.32. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.56 and a current ratio of 0.63.

In other news, SVP John Mulleady sold 10,000 shares of the company’s stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $36.10, for a total value of $361,000.00. Following the transaction, the senior vice president now directly owns 66,729 shares of the company’s stock, valued at $2,408,916.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.57% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Dave & Buster’s Entertainment by 674.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 774 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 674 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Dave & Buster’s Entertainment in the second quarter worth $41,000. Captrust Financial Advisors boosted its holdings in Dave & Buster’s Entertainment by 388.0% in the first quarter. Captrust Financial Advisors now owns 976 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 776 shares in the last quarter. Ellevest Inc. boosted its holdings in Dave & Buster’s Entertainment by 39.7% in the third quarter. Ellevest Inc. now owns 1,404 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 399 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in Dave & Buster’s Entertainment in the first quarter worth $99,000. 92.95% of the stock is currently owned by institutional investors and hedge funds.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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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Earnings History and Estimates for Dave & Buster's Entertainment (NASDAQ:PLAY)

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