Wall Street analysts expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to post $0.67 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Dave & Buster’s Entertainment’s earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.79. Dave & Buster’s Entertainment reported earnings per share of $0.71 during the same quarter last year, which suggests a negative year over year growth rate of 5.6%. The firm is scheduled to report its next earnings report on Tuesday, September 4th.

According to Zacks, analysts expect that Dave & Buster’s Entertainment will report full-year earnings of $2.72 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.79. For the next financial year, analysts anticipate that the business will post earnings of $3.03 per share, with EPS estimates ranging from $2.87 to $3.13. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Dave & Buster’s Entertainment.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Monday, June 11th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.11. Dave & Buster’s Entertainment had a net margin of 10.30% and a return on equity of 25.83%. The company had revenue of $332.20 million for the quarter, compared to analysts’ expectations of $321.57 million. During the same period last year, the company earned $0.98 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year.

PLAY has been the topic of several analyst reports. Canaccord Genuity raised 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 note on Tuesday, June 12th. Raymond James raised their price target on shares of Dave & Buster’s Entertainment from $52.50 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. BMO Capital Markets increased their price objective on shares of Dave & Buster’s Entertainment from $49.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, June 12th. Maxim Group increased their price objective on shares of Dave & Buster’s Entertainment from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, May 21st. Finally, Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Dave & Buster’s Entertainment currently has an average rating of “Buy” and an average target price of $62.44.

In other news, CEO Stephen M. King sold 60,000 shares of the stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $54.98, for a total transaction of $3,298,800.00. Following the transaction, the chief executive officer now directly owns 62,028 shares in the company, valued at approximately $3,410,299.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP J Michael Plunkett sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $48.53, for a total transaction of $97,060.00. Following the completion of the transaction, the senior vice president now owns 3,671 shares in the company, valued at approximately $178,153.63. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,500 shares of company stock worth $5,582,672. Insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PLAY. BlackRock Inc. raised its holdings in 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 valued at $306,465,000 after buying an additional 2,186,997 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Dave & Buster’s Entertainment by 533.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,855,207 shares of the restaurant operator’s stock valued at $77,436,000 after buying an additional 1,562,477 shares during the period. Summit Trail Advisors LLC raised its holdings in 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 valued at $1,257,000 after buying an additional 1,232,167 shares during the period. Van Berkom & Associates Inc. purchased a new position in Dave & Buster’s Entertainment in the first quarter valued at approximately $33,123,000. Finally, Millennium Management LLC purchased a new position in Dave & Buster’s Entertainment in the second quarter valued at approximately $24,305,000.

Shares of Dave & Buster’s Entertainment stock traded up $1.31 during mid-day trading on Friday, hitting $54.85. 1,269,500 shares of the stock were exchanged, compared to its average volume of 1,245,653. Dave & Buster’s Entertainment has a twelve month low of $37.85 and a twelve month high of $61.30. The stock has a market capitalization of $2.00 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.26 and a beta of 0.40. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.31.

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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