Brokerages expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to report $276.01 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Dave & Buster’s Entertainment’s earnings. The highest sales estimate is $276.10 million and the lowest is $275.92 million. Dave & Buster’s Entertainment posted sales of $249.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, December 4th.

According to Zacks, analysts expect that Dave & Buster’s Entertainment will report full-year sales of $1.22 billion for the current year. For the next fiscal year, analysts anticipate that the company will report sales of $1.37 billion per share, with estimates ranging from $1.32 billion to $1.41 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Dave & Buster’s Entertainment.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The company had revenue of $319.20 million for the quarter, compared to the consensus estimate of $311.85 million. During the same period in the previous year, the firm earned $0.59 EPS. Dave & Buster’s Entertainment’s revenue was up 13.7% on a year-over-year basis.

A number of analysts have commented on PLAY shares. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Canaccord Genuity boosted their price target on shares of Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Jefferies Financial Group boosted their price target on shares of Dave & Buster’s Entertainment from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, August 27th. Maxim Group boosted their price target on shares of Dave & Buster’s Entertainment from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, May 21st. Finally, William Blair restated a “buy” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, August 17th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $68.70.

Shares of PLAY stock traded up $2.36 during midday trading on Friday, reaching $63.81. 70,081 shares of the company were exchanged, compared to its average volume of 991,967. Dave & Buster’s Entertainment has a 12 month low of $37.85 and a 12 month high of $62.86. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.53 and a beta of 0.49. The company has a current ratio of 0.47, a quick ratio of 0.31 and a debt-to-equity ratio of 0.79.

The firm also recently announced a special dividend, which will be paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th will be issued a $0.15 dividend. The ex-dividend date is Monday, September 24th.

In related news, CFO Brian Jenkins sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $57.35, for a total value of $573,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the chief operating officer now owns 11,163 shares in the company, valued at $558,150. The disclosure for this sale can be found here. Insiders sold a total of 22,000 shares of company stock worth $1,163,082 over the last quarter. Insiders own 3.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PLAY. BlackRock Inc. increased its position in shares of Dave & Buster’s Entertainment by 42.4% in the first quarter. BlackRock Inc. now owns 7,342,209 shares of the restaurant operator’s stock worth $306,465,000 after acquiring an additional 2,186,997 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of Dave & Buster’s Entertainment by 4,869.8% in the first quarter. Summit Trail Advisors LLC now owns 1,257,469 shares of the restaurant operator’s stock worth $1,257,000 after acquiring an additional 1,232,167 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter worth approximately $24,305,000. Sapience Investments LLC purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter worth approximately $14,872,000. Finally, Interval Partners LP purchased a new position in shares of Dave & Buster’s Entertainment in the first quarter worth approximately $12,524,000.

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.

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

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