Wall Street brokerages expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to announce $369.47 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Dave & Buster’s Entertainment’s earnings, with the lowest sales estimate coming in at $364.30 million and the highest estimate coming in at $374.60 million. Dave & Buster’s Entertainment posted sales of $332.19 million during the same quarter last year, which suggests a positive year over year growth rate of 11.2%. The firm is scheduled to announce its next earnings results on Monday, June 10th.
On average, analysts expect that Dave & Buster’s Entertainment will report full year sales of $1.39 billion for the current financial year, with estimates ranging from $1.39 billion to $1.40 billion. For the next year, analysts expect that the firm will report sales of $1.54 billion, with estimates ranging from $1.52 billion to $1.56 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Dave & Buster’s Entertainment.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.12. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The firm had revenue of $331.80 million for the quarter, compared to the consensus estimate of $324.90 million. During the same quarter last year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis.
PLAY has been the topic of a number of recent research reports. SunTrust Banks lowered their target price on Dave & Buster’s Entertainment to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Maxim Group boosted their price target on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. BidaskClub raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Wells Fargo & Co boosted their price target on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets restated an “outperform” rating and set a $66.00 price objective (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $65.00.
Shares of NASDAQ:PLAY traded down $0.56 during midday trading on Wednesday, reaching $54.06. The company had a trading volume of 444,200 shares, compared to its average volume of 873,527. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.37. The company has a market cap of $2.00 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.19 and a beta of 1.04. Dave & Buster’s Entertainment has a 1-year low of $40.03 and a 1-year high of $67.05.
In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $48.37, for a total transaction of $362,775.00. Following the completion of the transaction, the senior vice president now directly owns 17,004 shares in the company, valued at $822,483.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO John P. Gleason sold 8,200 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $54.85, for a total transaction of $449,770.00. Following the transaction, the chief marketing officer now owns 23,458 shares of the company’s stock, valued at $1,286,671.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,635 shares of company stock valued at $2,185,020. Company insiders own 3.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in PLAY. Stormborn Capital Management LLC acquired a new position in shares of Dave & Buster’s Entertainment during the first quarter worth $86,000. Valeo Financial Advisors LLC acquired a new stake in Dave & Buster’s Entertainment in the first quarter valued at $55,000. Quantamental Technologies LLC acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at $84,000. Advisor Group Inc. increased its holdings in Dave & Buster’s Entertainment by 14.1% in the first quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock valued at $129,000 after purchasing an additional 320 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at $127,000.
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 entrÃ©es 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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