Zacks Research Issues Pessimistic Forecast for PLAY Earnings

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Investment analysts at Zacks Research cut their FY2027 earnings per share (EPS) estimates for shares of Dave & Buster’s Entertainment in a research note issued on Tuesday, October 22nd. Zacks Research analyst R. Department now anticipates that the restaurant operator will post earnings of $2.97 per share for the year, down from their previous estimate of $3.12. The consensus estimate for Dave & Buster’s Entertainment’s current full-year earnings is $2.62 per share.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company had revenue of $557.10 million during the quarter, compared to analyst estimates of $560.65 million. During the same period in the previous year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year.

PLAY has been the subject of several other reports. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Benchmark began coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating for the company. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Loop Capital cut their target price on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Truist Financial cut their target price on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus target price of $62.57.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $36.86 on Thursday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The stock has a 50 day simple moving average of $32.73 and a 200 day simple moving average of $41.08. Dave & Buster’s Entertainment has a 52-week low of $29.31 and a 52-week high of $69.82. The firm has a market capitalization of $1.45 billion, a PE ratio of 13.45 and a beta of 2.15.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kimelman & Baird LLC bought a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at $28,000. Headlands Technologies LLC raised its stake in Dave & Buster’s Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 233 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at $249,000. Allspring Global Investments Holdings LLC raised its stake in Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 4,021 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at $331,000. Institutional investors own 91.45% of the company’s stock.

Insider Transactions at Dave & Buster’s Entertainment

In related news, CEO Christopher Daniel Morris acquired 14,912 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were bought at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.