Dave & Buster’s Entertainment (NASDAQ:PLAY) Announces Quarterly Earnings Results

Dave & Buster’s Entertainment (NASDAQ:PLAY) announced its quarterly earnings results on Monday. The restaurant operator reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.45), FiscalAI reports. Dave & Buster’s Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%. The company had revenue of $544.10 million for the quarter, compared to the consensus estimate of $556.83 million.

Dave & Buster’s Entertainment Stock Up 4.1%

Shares of NASDAQ PLAY traded up $0.33 during mid-day trading on Monday, reaching $8.47. 6,412,020 shares of the company’s stock traded hands, compared to its average volume of 1,581,210. The company has a debt-to-equity ratio of 15.01, a current ratio of 0.29 and a quick ratio of 0.20. The business has a 50-day simple moving average of $9.91 and a 200 day simple moving average of $11.43. The stock has a market cap of $294.66 million, a P/E ratio of -4.48 and a beta of 1.82. Dave & Buster’s Entertainment has a 1-year low of $7.94 and a 1-year high of $24.99.

Wall Street Analyst Weigh In

Several analysts have recently commented on PLAY shares. Citigroup assumed coverage on Dave & Buster’s Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Friday, July 17th. BMO Capital Markets reduced their price objective on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, June 16th. Finally, UBS Group decreased their price objective on Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.33.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.