$1.12 EPS Expected for Dave & Buster’s Entertainment Inc (PLAY) This Quarter

Wall Street analysts expect that Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) will post earnings of $1.12 per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Dave & Buster’s Entertainment’s earnings, with estimates ranging from $1.03 to $1.19. Dave & Buster’s Entertainment reported earnings per share of $1.04 during the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The firm is expected to report its next quarterly earnings results on Monday, June 10th.

According to Zacks, analysts expect that Dave & Buster’s Entertainment will report full-year earnings of $3.06 per share for the current year, with EPS estimates ranging from $2.98 to $3.18. For the next financial year, analysts forecast that the firm will post earnings of $3.44 per share, with EPS estimates ranging from $3.18 to $3.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Dave & Buster’s Entertainment.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share for the quarter, topping the 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 business had revenue of $331.80 million during the quarter, compared to analysts’ expectations of $324.90 million. During the same quarter last year, the business posted $0.61 EPS. The business’s revenue was up 8.8% on a year-over-year basis.

PLAY has been the subject of several research reports. Wells Fargo & Co increased their target price 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. BMO Capital Markets reissued an “outperform” rating and issued a $66.00 target price (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, April 3rd. BidaskClub raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. SunTrust Banks decreased their target price on Dave & Buster’s Entertainment to $61.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. Finally, Zacks Investment Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, February 11th. Two research analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $65.00.

Shares of NASDAQ:PLAY traded up $1.50 during trading on Friday, hitting $51.50. The stock had a trading volume of 714,393 shares, compared to its average volume of 879,007. Dave & Buster’s Entertainment has a 12 month low of $37.98 and a 12 month high of $67.05. The firm has a market capitalization of $1.89 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.08 and a beta of 1.00. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 26th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Monday, March 25th. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is presently 20.48%.

In related news, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 owns 17,004 shares of the company’s stock, valued at approximately $822,483.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP J Michael Plunkett sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $50.36, for a total value of $201,440.00. Following the transaction, the senior vice president now directly owns 4,001 shares of the company’s stock, valued at approximately $201,490.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,635 shares of company stock valued at $1,612,020. 3.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of PLAY. Valeo Financial Advisors LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter worth $55,000. Quantamental Technologies LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $84,000. Meeder Asset Management Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $127,000. Cerebellum GP LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $192,000. Finally, Brown Advisory Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 17.1% in the 4th quarter. Brown Advisory Inc. now owns 5,477 shares of the restaurant operator’s stock worth $243,000 after purchasing an additional 801 shares in the last quarter.

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

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