Dave & Buster’s Entertainment Inc Expected to Earn Q3 2020 Earnings of $0.07 Per Share (NASDAQ:PLAY)

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Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – William Blair lowered their Q3 2020 earnings estimates for shares of Dave & Buster’s Entertainment in a note issued to investors on Wednesday, June 12th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.07 for the quarter, down from their previous estimate of $0.17. William Blair also issued estimates for Dave & Buster’s Entertainment’s Q4 2020 earnings at $0.74 EPS and FY2021 earnings at $3.10 EPS.

A number of other brokerages have also issued reports on PLAY. BidaskClub lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Piper Jaffray Companies decreased their target price on shares of Dave & Buster’s Entertainment from $64.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Co raised their target price on shares of 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. Jefferies Financial Group decreased their target price on shares of Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, BMO Capital Markets restated an “outperform” rating and set 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. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Dave & Buster’s Entertainment currently has an average rating of “Hold” and an average target price of $56.70.

Shares of NASDAQ PLAY opened at $39.58 on Friday. Dave & Buster’s Entertainment has a 1 year low of $39.31 and a 1 year high of $67.05. The company has a market cap of $1.46 billion, a P/E ratio of 13.51, a PEG ratio of 0.92 and a beta of 1.12. The company has a current ratio of 0.28, a quick ratio of 0.26 and a debt-to-equity ratio of 4.17.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. The firm had revenue of $363.58 million for the quarter, compared to analyst estimates of $371.72 million. During the same quarter last year, the business posted $1.04 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year.

In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 4,000 shares of Dave & Buster’s Entertainment stock in a transaction 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 owns 4,001 shares in the company, valued at approximately $201,490.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. King sold 10,935 shares of Dave & Buster’s Entertainment stock in a transaction on Friday, April 5th. The shares were sold at an average price of $54.69, for a total transaction of $598,035.15. Following the completion of the transaction, the director now owns 43,186 shares in the company, valued at approximately $2,361,842.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,135 shares of company stock worth $1,822,245. 3.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in PLAY. Valeo Financial Advisors LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 1st quarter valued at $55,000. Stormborn Capital Management LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 1st quarter valued at $86,000. Advisor Group Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 14.1% during the 1st quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock valued at $129,000 after acquiring an additional 320 shares in the last quarter. Quantamental Technologies LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 57.5% during the 1st quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock valued at $148,000 after acquiring an additional 1,085 shares in the last quarter. Finally, Buffington Mohr McNeal acquired a new position in shares of Dave & Buster’s Entertainment during the 1st quarter valued at $155,000.

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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