Dave & Buster’s Entertainment (NASDAQ:PLAY) released its quarterly earnings results on Wednesday. The restaurant operator reported $1.07 EPS for the quarter, topping the consensus estimate of $0.58 by $0.49, Briefing.com reports. The company had revenue of $377.64 million for the quarter, compared to analyst estimates of $358.46 million. Dave & Buster’s Entertainment had a negative return on equity of 71.79% and a negative net margin of 26.53%. The firm’s revenue was up 642.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.19) earnings per share.
PLAY opened at $35.44 on Friday. The business’s fifty day moving average is $35.68 and its two-hundred day moving average is $40.81. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.32 and a current ratio of 0.40. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -11.66, a PEG ratio of 1.68 and a beta of 2.09. Dave & Buster’s Entertainment has a one year low of $13.01 and a one year high of $51.73.
A number of research analysts have recently issued reports on the company. Stifel Nicolaus lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and dropped their target price for the company from $58.00 to $40.00 in a report on Monday, August 30th. Wells Fargo & Company dropped their target price on Dave & Buster’s Entertainment from $45.00 to $38.00 and set an “underweight” rating on the stock in a report on Thursday, September 2nd. Piper Sandler boosted their target price on Dave & Buster’s Entertainment from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, June 11th. Truist raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and boosted their target price for the company from $53.00 to $54.00 in a report on Friday, August 27th. Finally, Truist Securities raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Friday, August 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $49.70.
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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