Dave & Buster’s Entertainment (NASDAQ:PLAY) Issues Quarterly Earnings Results

Dave & Buster’s Entertainment (NASDAQ:PLAY) issued its earnings results on Wednesday. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.56, MarketWatch Earnings reports. Dave & Buster’s Entertainment had a negative return on equity of 102.01% and a negative net margin of 47.42%. The firm had revenue of $265.34 million for the quarter, compared to analyst estimates of $257.98 million. During the same period last year, the company earned ($1.37) earnings per share. The firm’s revenue for the quarter was up 66.0% on a year-over-year basis.

PLAY stock traded down $1.10 during trading hours on Friday, hitting $42.98. 177,067 shares of the stock traded hands, compared to its average volume of 1,559,235. The firm has a 50-day moving average of $43.90. Dave & Buster’s Entertainment has a one year low of $11.23 and a one year high of $51.73. The firm has a market capitalization of $2.05 billion, a P/E ratio of -9.75, a P/E/G ratio of 8.73 and a beta of 2.06. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 3.89.

Several equities research analysts have weighed in on PLAY shares. Truist Securities increased their target price on Dave & Buster’s Entertainment from $46.00 to $53.00 and gave the stock a “hold” rating in a research report on Friday. BMO Capital Markets increased their target price on Dave & Buster’s Entertainment from $37.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, April 1st. William Blair raised Dave & Buster’s Entertainment from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 20th. Deutsche Bank Aktiengesellschaft increased their price target on Dave & Buster’s Entertainment from $41.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, April 5th. Finally, Wells Fargo & Company increased their price target on Dave & Buster’s Entertainment from $36.00 to $44.00 and gave the stock an “underweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $43.38.

In other news, CFO Scott Justin Bowman sold 13,000 shares of the company’s stock in a transaction on Monday, May 10th. The stock was sold at an average price of $43.51, for a total transaction of $565,630.00. Following the completion of the sale, the chief financial officer now directly owns 36,044 shares of the company’s stock, valued at $1,568,274.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Jenkins sold 5,784 shares of the company’s stock in a transaction on Tuesday, June 1st. The shares were sold at an average price of $42.13, for a total value of $243,679.92. Following the sale, the chief executive officer now directly owns 162,607 shares of the company’s stock, valued at $6,850,632.91. The disclosure for this sale can be found here. Insiders have sold 136,911 shares of company stock valued at $6,038,482 in the last ninety days. Company insiders own 3.57% 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 for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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