Brokerages expect that Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) will report sales of $350.53 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Dave & Buster’s Entertainment’s earnings, with the highest sales estimate coming in at $354.30 million and the lowest estimate coming in at $340.40 million. Dave & Buster’s Entertainment reported sales of $319.19 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.8%. The business is scheduled to issue its next quarterly earnings report on Friday, September 13th.
On average, analysts expect that Dave & Buster’s Entertainment will report full year sales of $1.40 billion for the current fiscal year, with estimates ranging from $1.39 billion to $1.40 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.54 billion, with estimates ranging from $1.52 billion to $1.56 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Dave & Buster’s Entertainment.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). The firm had revenue of $363.58 million during the quarter, compared to analysts’ expectations of $371.72 million. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. Dave & Buster’s Entertainment’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share.
Shares of PLAY traded down $11.53 during trading hours on Friday, reaching $40.00. 17,904,022 shares of the company traded hands, compared to its average volume of 1,041,282. The firm has a market capitalization of $1.80 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26. Dave & Buster’s Entertainment has a 12-month low of $39.46 and a 12-month high of $67.05.
In related news, SVP J Michael Plunkett sold 4,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $50.36, for a total transaction of $201,440.00. Following the completion of the transaction, the senior vice president now directly owns 4,001 shares in the company, valued at $201,490.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen M. King sold 10,935 shares of the business’s 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 transaction, the director now owns 43,186 shares of the company’s stock, valued at $2,361,842.34. The disclosure for this sale can be found here. Insiders have sold 40,635 shares of company stock worth $2,185,020 over the last three months. Corporate insiders own 3.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PLAY. Valeo Financial Advisors LLC acquired a new position in shares of Dave & Buster’s Entertainment in the first quarter worth about $55,000. Quantamental Technologies LLC acquired a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth about $84,000. Stormborn Capital Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the first quarter worth about $86,000. Advisor Group Inc. raised its position in shares of Dave & Buster’s Entertainment by 14.1% in the first quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock worth $129,000 after acquiring an additional 320 shares during the period. Finally, Buffington Mohr McNeal acquired a new position in shares of Dave & Buster’s Entertainment in the first quarter worth about $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 entrÃ©es 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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