Dave & Buster’s Entertainment (NASDAQ:PLAY) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Dave & Buster’s Entertainment (NASDAQ:PLAY) announced its earnings results on Tuesday. The restaurant operator reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04, Fidelity Earnings reports. Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. The firm had revenue of $344.60 million for the quarter, compared to the consensus estimate of $345.27 million. Dave & Buster’s Entertainment updated its FY 2019 guidance to EPS.

Shares of NASDAQ:PLAY traded down $3.64 during midday trading on Wednesday, reaching $40.08. The company’s stock had a trading volume of 3,032,255 shares, compared to its average volume of 802,106. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.97 and a beta of 0.86. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.17 and a current ratio of 0.28. The firm has a 50 day moving average price of $40.46 and a two-hundred day moving average price of $46.70. Dave & Buster’s Entertainment has a fifty-two week low of $37.21 and a fifty-two week high of $67.05.

PLAY has been the subject of several recent research reports. BidaskClub raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research note on Saturday, August 31st. William Blair lowered Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Jefferies Financial Group cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and reduced their target price for the company from $56.00 to $40.00 in a report on Tuesday, July 2nd. SunTrust Banks reduced their target price on Dave & Buster’s Entertainment to $41.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $40.00 target price (down previously from $46.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Dave & Buster’s Entertainment currently has an average rating of “Hold” and an average price target of $48.48.

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $39.94, for a total value of $299,550.00. Following the completion of the sale, the senior vice president now directly owns 21,319 shares in the company, valued at $851,480.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Griffith purchased 5,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was acquired at an average cost of $39.32 per share, for a total transaction of $196,600.00. Following the completion of the purchase, the director now owns 16,327 shares of the company’s stock, valued at approximately $641,977.64. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

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 for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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