Dave & Buster’s Entertainment Inc (PLAY) to Post FY2019 Earnings of $2.79 Per Share, SunTrust Banks Forecasts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – SunTrust Banks dropped their FY2019 earnings estimates for Dave & Buster’s Entertainment in a research report issued to clients and investors on Monday, August 13th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings of $2.79 per share for the year, down from their prior estimate of $2.83. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q3 2020 earnings at $0.33 EPS.

Several other research analysts have also commented on the company. BidaskClub upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 1st. Finally, Maxim Group restated a “buy” rating and set a $68.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Dave & Buster’s Entertainment currently has an average rating of “Buy” and an average price target of $61.56.

Shares of PLAY opened at $53.54 on Thursday. The company has a market capitalization of $2.00 billion, a PE ratio of 20.28, a PEG ratio of 1.26 and a beta of 0.40. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. Dave & Buster’s Entertainment has a 52 week low of $37.85 and a 52 week high of $61.30.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Monday, June 11th. The restaurant operator reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. The company had revenue of $332.20 million during the quarter, compared to analyst estimates of $321.57 million. Dave & Buster’s Entertainment had a return on equity of 25.83% and a net margin of 10.30%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS.

Large investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA raised its stake in Dave & Buster’s Entertainment by 3.8% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,007,962 shares of the restaurant operator’s stock valued at $47,979,000 after acquiring an additional 36,995 shares in the last quarter. Sapience Investments LLC bought a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at $14,872,000. Millennium Management LLC bought a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at $24,305,000. Cubist Systematic Strategies LLC raised its stake in Dave & Buster’s Entertainment by 217.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,443 shares of the restaurant operator’s stock valued at $2,163,000 after acquiring an additional 31,133 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at $2,154,000.

In related news, COO Margo Lynn Manning sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $50.00, for a total transaction of $130,000.00. Following the completion of the transaction, the chief operating officer now owns 11,163 shares in the company, valued at approximately $558,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $54.78, for a total value of $410,850.00. Following the transaction, the senior vice president now owns 17,004 shares of the company’s stock, valued at approximately $931,479.12. The disclosure for this sale can be found here. Insiders have sold a total of 102,500 shares of company stock valued at $5,582,672 in the last 90 days. Insiders own 3.40% 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 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.

Recommended Story: Market Capitalization – What it Means for Investors

Earnings History and Estimates for Dave & Buster`s Entertainment (NASDAQ:PLAY)

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply