Dave & Buster’s Entertainment Inc (PLAY) Forecasted to Post Q1 2020 Revenue of $1.23 Per Share

Dave & Buster’s Entertainment Inc (PLAY) Forecasted to Post Q1 2020 Revenue of $1.23 Per Share

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Equities researchers at Jefferies Financial Group issued their Q1 2020 earnings estimates for Dave & Buster’s Entertainment in a report released on Tuesday, December 4th. Jefferies Financial Group analyst A. Barish expects that the restaurant operator will earn $1.23 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $66.00 target price on the stock. Jefferies Financial Group also issued estimates for Dave & Buster’s Entertainment’s Q2 2020 earnings at $0.88 EPS, Q3 2020 earnings at $0.20 EPS and Q4 2020 earnings at $0.77 EPS.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Canaccord Genuity boosted their price target on shares of Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Wells Fargo & Co boosted their price target on shares of Dave & Buster’s Entertainment from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 29th. William Blair reissued a “buy” rating on shares of Dave & Buster’s Entertainment in a research note on Friday, August 17th. Finally, Raymond James boosted their price target on shares of Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, August 24th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.82.

Dave & Buster’s Entertainment stock opened at $53.82 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.29 and a beta of 0.63. Dave & Buster’s Entertainment has a twelve month low of $37.85 and a twelve month high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Friday, September 14th. The restaurant operator reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. The company had revenue of $319.20 million during the quarter, compared to the consensus estimate of $311.85 million. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS.

Large investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Dave & Buster’s Entertainment by 15.2% during the second quarter. Wells Fargo & Company MN now owns 158,367 shares of the restaurant operator’s stock valued at $7,539,000 after acquiring an additional 20,923 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Dave & Buster’s Entertainment by 813.8% during the second quarter. Trexquant Investment LP now owns 56,727 shares of the restaurant operator’s stock valued at $2,700,000 after acquiring an additional 50,519 shares during the last quarter. Sei Investments Co. increased its position in shares of Dave & Buster’s Entertainment by 91.3% during the second quarter. Sei Investments Co. now owns 36,375 shares of the restaurant operator’s stock valued at $1,732,000 after buying an additional 17,363 shares during the period. Sun Life Financial INC purchased a new position in shares of Dave & Buster’s Entertainment during the second quarter valued at about $483,000. Finally, Rice Hall James & Associates LLC increased its position in shares of Dave & Buster’s Entertainment by 6.1% during the third quarter. Rice Hall James & Associates LLC now owns 1,190,101 shares of the restaurant operator’s stock valued at $78,808,000 after buying an additional 68,181 shares during the period.

In other news, SVP John Mulleady sold 7,500 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $61.89, for a total transaction of $464,175.00. Following the completion of the transaction, the senior vice president now directly owns 17,004 shares of the company’s stock, valued at $1,052,377.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO John P. Gleason sold 9,100 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $61.88, for a total transaction of $563,108.00. Following the transaction, the chief marketing officer now directly owns 24,358 shares of the company’s stock, valued at $1,507,273.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 148,600 shares of company stock valued at $9,306,183. Insiders own 3.40% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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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