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

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) announced its earnings results on Wednesday. The restaurant operator reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44), Briefing.com reports. Dave & Buster’s Entertainment had a return on equity of 50.06% and a net margin of 4.48%. The company had revenue of $588.10 million during the quarter, compared to the consensus estimate of $615.88 million. During the same period in the prior year, the firm posted $1.45 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis.

Dave & Buster’s Entertainment Stock Down 2.4 %

Dave & Buster’s Entertainment stock opened at $43.77 on Friday. Dave & Buster’s Entertainment has a fifty-two week low of $33.07 and a fifty-two week high of $69.82. The company has a debt-to-equity ratio of 5.11, a current ratio of 0.32 and a quick ratio of 0.23. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 18.63 and a beta of 2.06. The company’s 50 day simple moving average is $52.64 and its 200 day simple moving average is $54.43.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PLAY shares. Truist Financial dropped their price objective on shares of Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating for the company in a research report on Tuesday. BMO Capital Markets cut their price target on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group lowered their price objective on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday. Piper Sandler restated a “neutral” rating and set a $71.00 target price (up from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Finally, Jefferies Financial Group lifted their price target on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Moderate Buy” and an average target price of $64.56.

Read Our Latest Stock Analysis on PLAY

Insiders Place Their Bets

In other news, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the transaction, the director now owns 33,546 shares of the company’s stock, valued at approximately $2,199,611.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares in the company, valued at approximately $3,803,848.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now directly owns 33,546 shares of the company’s stock, valued at approximately $2,199,611.22. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

About Dave & Buster’s Entertainment

(Get Free Report)

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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