Dave & Buster’s Entertainment (NASDAQ:PLAY) Releases Earnings Results, Beats Estimates By $0.28 EPS

Dave & Buster’s Entertainment (NASDAQ:PLAY) posted its quarterly earnings results on Tuesday. The restaurant operator reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28, Briefing.com reports. Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The company had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the previous year, the firm earned $0.94 EPS. Dave & Buster’s Entertainment’s revenue was up 2.8% on a year-over-year basis.

Dave & Buster’s Entertainment Trading Up 4.7 %

NASDAQ PLAY opened at $31.25 on Thursday. The business’s 50-day moving average price is $34.25 and its two-hundred day moving average price is $47.18. Dave & Buster’s Entertainment has a 12 month low of $29.31 and a 12 month high of $69.82. The firm has a market capitalization of $1.24 billion, a PE ratio of 13.30 and a beta of 2.14. The company has a current ratio of 0.32, a quick ratio of 0.24 and a debt-to-equity ratio of 4.41.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. William Blair reissued an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. BMO Capital Markets reduced their price objective on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday. Loop Capital reduced their price objective on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Finally, StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $63.14.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CFO Darin Harper purchased 13,438 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, July 3rd. The shares were purchased at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the transaction, the chief financial officer now owns 35,598 shares of the company’s stock, valued at approximately $1,380,490.44. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.