Dave & Buster's Entertainment, Inc. to Post Q1 2019 Earnings of $0.99 Per Share, William Blair Forecasts (PLAY)

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) – Equities research analysts at William Blair boosted their Q1 2019 earnings estimates for shares of Dave & Buster's Entertainment in a research note issued on Tuesday, according to Zacks Investment Research. William Blair analyst S. Zackfia now forecasts that the restaurant operator will post earnings per share of $0.99 for the quarter, up from their prior forecast of $0.87. William Blair also issued estimates for Dave & Buster's Entertainment’s Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.38 EPS and FY2019 earnings at $2.97 EPS.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The business had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $255.70 million. During the same period last year, the business earned $0.25 EPS. The company’s revenue was up 9.3% compared to the same quarter last year.

Several other brokerages have also commented on PLAY. Zacks Investment Research lowered shares of Dave & Buster's Entertainment from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. SunTrust Banks increased their price objective on shares of Dave & Buster's Entertainment to $95.00 and gave the company an “in-line” rating in a research report on Wednesday, January 3rd. Longbow Research began coverage on shares of Dave & Buster's Entertainment in a research report on Friday, October 13th. They issued a “buy” rating and a $77.00 price objective for the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Dave & Buster's Entertainment in a research report on Sunday, October 22nd. Finally, TheStreet raised shares of Dave & Buster's Entertainment from a “c” rating to a “b-” rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.00.

Dave & Buster's Entertainment (PLAY) traded down $0.80 during trading hours on Thursday, hitting $47.70. 1,035,580 shares of the stock were exchanged, compared to its average volume of 2,160,493. Dave & Buster's Entertainment has a twelve month low of $43.77 and a twelve month high of $73.48. The company has a market cap of $1,973.68, a PE ratio of 18.28, a P/E/G ratio of 1.17 and a beta of 0.28. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its position in Dave & Buster's Entertainment by 33.5% during the 4th quarter. US Bancorp DE now owns 24,159 shares of the restaurant operator’s stock worth $1,333,000 after buying an additional 6,063 shares during the last quarter. Fortaleza Asset Management Inc. increased its holdings in shares of Dave & Buster's Entertainment by 97.6% during the 4th quarter. Fortaleza Asset Management Inc. now owns 3,645 shares of the restaurant operator’s stock valued at $201,000 after purchasing an additional 1,800 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of Dave & Buster's Entertainment by 10.2% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 170,545 shares of the restaurant operator’s stock valued at $9,409,000 after purchasing an additional 15,850 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Dave & Buster's Entertainment by 83.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 127,474 shares of the restaurant operator’s stock valued at $7,033,000 after purchasing an additional 58,161 shares in the last quarter. Finally, Cambridge Trust Co. increased its holdings in shares of Dave & Buster's Entertainment by 144.8% during the 4th quarter. Cambridge Trust Co. now owns 17,671 shares of the restaurant operator’s stock valued at $975,000 after purchasing an additional 10,451 shares in the last quarter.

In other Dave & Buster's Entertainment news, Director Kevin M. Sheehan purchased 10,000 shares of Dave & Buster's Entertainment stock in a transaction on Monday, January 8th. The stock was bought at an average cost of $45.58 per share, with a total value of $455,800.00. Following the transaction, the director now owns 60,138 shares of the company’s stock, valued at approximately $2,741,090.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Jenkins sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $57.25, for a total transaction of $34,350.00. Following the transaction, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at $288,654.50. The disclosure for this sale can be found here. Insiders have sold a total of 26,600 shares of company stock valued at $1,478,448 over the last three months. 3.84% of the stock is currently owned by insiders.

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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.

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

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