Dave & Buster’s Entertainment (NASDAQ:PLAY) Posts Earnings Results, Misses Expectations By $0.20 EPS

Dave & Buster’s Entertainment (NASDAQ:PLAY) issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20), Zacks reports. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $572.12 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $30.46 on Thursday. The company’s 50-day moving average is $20.54 and its two-hundred day moving average is $24.12. Dave & Buster’s Entertainment has a 1-year low of $15.08 and a 1-year high of $51.27. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 15.08 and a beta of 2.00.

Institutional Trading of Dave & Buster’s Entertainment

An institutional investor recently bought a new position in Dave & Buster’s Entertainment stock. AQR Capital Management LLC bought a new stake in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 24,462 shares of the restaurant operator’s stock, valued at approximately $430,000. AQR Capital Management LLC owned about 0.07% of Dave & Buster’s Entertainment at the end of the most recent reporting period. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on PLAY. Truist Financial lifted their target price on shares of Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday. BMO Capital Markets raised their price target on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday. Loop Capital upped their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group raised their target price on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Piper Sandler upped their price target on Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.83.

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 entrees 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.