FY2020 Earnings Estimate for Dave & Buster’s Entertainment Inc Issued By SunTrust Banks (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Research analysts at SunTrust Banks decreased their FY2020 earnings per share (EPS) estimates for shares of Dave & Buster’s Entertainment in a note issued to investors on Tuesday, June 11th. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will earn $2.92 per share for the year, down from their previous forecast of $3.11. SunTrust Banks has a “Hold” rating and a $47.00 price objective on the stock. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q4 2020 earnings at $0.80 EPS, Q1 2021 earnings at $1.22 EPS, Q2 2021 earnings at $0.90 EPS and FY2021 earnings at $3.11 EPS.

Other equities research analysts have also issued reports about the stock. Maxim Group reaffirmed a “buy” rating and set a $67.00 price objective on shares of Dave & Buster’s Entertainment in a report on Tuesday, June 4th. BidaskClub lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Loop Capital cut their price objective on shares of Dave & Buster’s Entertainment to $55.00 and set a “buy” rating for the company in a report on Wednesday. They noted that the move was a valuation call. Jefferies Financial Group cut their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Gordon Haskett lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $41.70 price objective for the company. in a report on Wednesday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and an average price target of $56.70.



Shares of PLAY opened at $39.58 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.28 and a debt-to-equity ratio of 4.17. 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 price-to-earnings ratio of 13.51, a P/E/G ratio of 0.92 and a beta of 1.12.

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

In related news, COO Margo Lynn Manning sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total value of $573,000.00. Following the completion of the transaction, the chief operating officer now directly owns 23,960 shares of the company’s stock, valued at $1,372,908. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stephen M. King sold 10,935 shares of the firm’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 completion of the transaction, the director now directly owns 43,186 shares of the company’s stock, valued at $2,361,842.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,135 shares of company stock valued at $1,822,245. 3.70% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of PLAY. Bank of Montreal Can grew its holdings in shares of Dave & Buster’s Entertainment by 20.7% in the fourth quarter. Bank of Montreal Can now owns 15,708 shares of the restaurant operator’s stock valued at $700,000 after purchasing an additional 2,695 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Dave & Buster’s Entertainment by 20.8% in the fourth quarter. Rhumbline Advisers now owns 109,864 shares of the restaurant operator’s stock valued at $4,896,000 after purchasing an additional 18,921 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Dave & Buster’s Entertainment by 37.9% in the fourth quarter. Dupont Capital Management Corp now owns 12,804 shares of the restaurant operator’s stock valued at $571,000 after purchasing an additional 3,517 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 17.4% in the fourth quarter. Victory Capital Management Inc. now owns 814,354 shares of the restaurant operator’s stock valued at $36,288,000 after purchasing an additional 120,524 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Dave & Buster’s Entertainment by 16.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,075,402 shares of the restaurant operator’s stock valued at $92,480,000 after purchasing an additional 286,696 shares in the last quarter.

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 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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