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

Dave & Buster’s Entertainment (NASDAQ:PLAY) announced its quarterly earnings results on Tuesday. The restaurant operator reported ($1.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.25) by $0.06, MarketWatch Earnings reports. Dave & Buster’s Entertainment had a negative net margin of 18.78% and a negative return on equity of 60.06%.

Dave & Buster’s Entertainment stock traded down $2.33 during trading on Thursday, reaching $45.57. The stock had a trading volume of 220,739 shares, compared to its average volume of 1,727,588. Dave & Buster’s Entertainment has a 52-week low of $8.43 and a 52-week high of $51.73. The business has a 50 day moving average price of $42.66 and a 200 day moving average price of $29.03. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 2.72. The stock has a market cap of $2.17 billion, a PE ratio of -16.15 and a beta of 2.07.

A number of brokerages have weighed in on PLAY. Loop Capital lifted their price target on shares of Dave & Buster’s Entertainment from $27.00 to $35.00 and gave the company a “hold” rating in a research report on Tuesday, January 12th. BMO Capital Markets lifted their price target on shares of Dave & Buster’s Entertainment from $37.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Dave & Buster’s Entertainment from $14.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday. Piper Sandler lifted their price target on shares of Dave & Buster’s Entertainment from $33.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Raymond James lifted their price target on shares of Dave & Buster’s Entertainment from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Monday. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Dave & Buster’s Entertainment has a consensus rating of “Buy” and a consensus price target of $32.54.

In related news, COO Margo Lynn Manning sold 5,579 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $47.00, for a total value of $262,213.00. 3.70% of the stock is owned by insiders.

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 entrees 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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