Dave & Buster’s to Post Q2 2019 Earnings of $0.80 Per Share, William Blair Forecasts (PLAY)

Dave & Buster’s (NASDAQ:PLAY) – Investment analysts at William Blair lifted their Q2 2019 earnings estimates for Dave & Buster’s in a report released on Wednesday, April 4th. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $0.80 for the quarter, up from their previous forecast of $0.77.

How to Become a New Pot Stock Millionaire

Dave & Buster’s (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, April 3rd. The restaurant operator reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Dave & Buster’s had a return on equity of 24.67% and a net margin of 10.61%. The business had revenue of $304.90 million for the quarter, compared to analysts’ expectations of $304.82 million. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis.

Several other research analysts have also recently weighed in on the company. Zacks Investment Research raised Dave & Buster’s from a “sell” rating to a “hold” rating in a research report on Friday. Maxim Group cut their price objective on Dave & Buster’s from $74.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday. BMO Capital Markets cut their price objective on Dave & Buster’s from $60.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. SunTrust Banks set a $54.00 price target on Dave & Buster’s and gave the company a “buy” rating in a research report on Tuesday. Finally, ValuEngine cut Dave & Buster’s from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. Dave & Buster’s currently has a consensus rating of “Buy” and a consensus target price of $61.10.

PLAY stock opened at $41.58 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.26 and a current ratio of 0.46. Dave & Buster’s has a 1-year low of $37.85 and a 1-year high of $73.48. The firm has a market capitalization of $1,610.46, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.04 and a beta of 0.44.

In related news, SVP J Michael Plunkett sold 2,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $46.60, for a total transaction of $93,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin M. Sheehan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were bought at an average price of $45.58 per share, for a total transaction of $455,800.00. Following the completion of the purchase, the director now owns 60,138 shares in the company, valued at approximately $2,741,090.04. The disclosure for this purchase can be found here. 3.84% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Dave & Buster’s by 2.1% during the 4th quarter. BlackRock Inc. now owns 5,155,212 shares of the restaurant operator’s stock valued at $284,412,000 after purchasing an additional 107,571 shares during the period. Mackenzie Financial Corp raised its stake in shares of Dave & Buster’s by 34.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,545,103 shares of the restaurant operator’s stock valued at $85,243,000 after purchasing an additional 393,087 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dave & Buster’s by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,040,184 shares of the restaurant operator’s stock valued at $54,589,000 after purchasing an additional 6,493 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Dave & Buster’s by 8.3% during the 4th quarter. Glenmede Trust Co. NA now owns 970,967 shares of the restaurant operator’s stock valued at $53,567,000 after purchasing an additional 74,599 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in shares of Dave & Buster’s by 20.0% during the 4th quarter. Eagle Asset Management Inc. now owns 891,910 shares of the restaurant operator’s stock valued at $48,966,000 after purchasing an additional 148,853 shares during the period.

ILLEGAL ACTIVITY WARNING: “Dave & Buster’s to Post Q2 2019 Earnings of $0.80 Per Share, William Blair Forecasts (PLAY)” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/04/07/dave-busters-to-post-q2-2019-earnings-of-0-80-per-share-william-blair-forecasts-play.html.

Dave & Buster’s 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 (NASDAQ:PLAY)

Receive News & Ratings for Dave & Buster's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply