FY2022 EPS Estimates for Dave & Buster’s Entertainment Inc Reduced by Analyst (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Equities researchers at Truist Securities reduced their FY2022 EPS estimates for shares of Dave & Buster’s Entertainment in a research report issued on Wednesday, January 12th. Truist Securities analyst J. Bartlett now anticipates that the restaurant operator will post earnings per share of $2.30 for the year, down from their prior forecast of $2.37. Truist Securities also issued estimates for Dave & Buster’s Entertainment’s Q4 2022 earnings at $0.62 EPS, FY2023 earnings at $2.30 EPS and FY2024 earnings at $3.63 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, December 7th. The restaurant operator reported $0.21 EPS for the quarter, beating the consensus estimate of $0.12 by $0.09. The firm had revenue of $317.98 million during the quarter, compared to the consensus estimate of $319.74 million. Dave & Buster’s Entertainment had a net margin of 2.43% and a return on equity of 12.97%. The company’s quarterly revenue was up 191.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.01) earnings per share.

Several other brokerages also recently commented on PLAY. Piper Sandler lowered their price objective on shares of Dave & Buster’s Entertainment from $53.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, December 8th. Truist increased their price target on shares of Dave & Buster’s Entertainment from $56.00 to $60.00 in a research note on Wednesday. Zacks Investment Research raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a research note on Wednesday, November 10th. Gordon Haskett raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Friday. Finally, Loop Capital started coverage on shares of Dave & Buster’s Entertainment in a research note on Tuesday, October 5th. They issued a “buy” rating and a $56.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Dave & Buster’s Entertainment presently has a consensus rating of “Buy” and an average target price of $50.00.

Shares of NASDAQ:PLAY opened at $38.06 on Friday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 77.67, a price-to-earnings-growth ratio of 1.11 and a beta of 2.00. The company has a 50-day moving average price of $36.76 and a 200-day moving average price of $36.87. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.97. Dave & Buster’s Entertainment has a 12 month low of $29.83 and a 12 month high of $51.73.

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 15,000 shares of the firm’s stock in a transaction on Thursday, December 9th. The stock was acquired at an average price of $34.92 per share, with a total value of $523,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.57% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of PLAY. Barclays PLC grew its holdings in shares of Dave & Buster’s Entertainment by 1,757.9% during the third quarter. Barclays PLC now owns 1,291,747 shares of the restaurant operator’s stock valued at $49,512,000 after buying an additional 1,222,221 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at approximately $35,378,000. Candlestick Capital Management LP grew its holdings in shares of Dave & Buster’s Entertainment by 247.9% during the third quarter. Candlestick Capital Management LP now owns 1,205,744 shares of the restaurant operator’s stock valued at $46,216,000 after buying an additional 859,132 shares during the last quarter. Luxor Capital Group LP purchased a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at approximately $22,958,000. Finally, Vanguard Group Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 6.3% during the second quarter. Vanguard Group Inc. now owns 5,016,283 shares of the restaurant operator’s stock valued at $203,661,000 after buying an additional 299,044 shares during the last quarter. Hedge funds and other institutional investors own 99.69% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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 and Estimates for Dave & Buster's Entertainment (NASDAQ:PLAY)