William Blair Research Analysts Boost Earnings Estimates for Dave & Buster's Entertainment, Inc. (PLAY)

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) – Research analysts at William Blair boosted their Q1 2019 earnings per share (EPS) estimates for Dave & Buster's Entertainment in a report issued on Tuesday. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.99 for the quarter, up from their previous estimate of $0.87. William Blair also issued estimates for Dave & Buster's Entertainment’s Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.38 EPS and FY2019 earnings at $2.97 EPS.

Dave & Buster's Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.06. The firm had revenue of $250.00 million for the quarter, compared to the consensus estimate of $255.70 million. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS.

Several other research firms also recently issued reports on PLAY. BidaskClub upgraded Dave & Buster's Entertainment from a “sell” rating to a “hold” rating in a report on Friday, December 29th. Maxim Group reiterated a “buy” rating and issued a $97.00 price objective on shares of Dave & Buster's Entertainment in a report on Friday, December 22nd. SunTrust Banks boosted their price objective on Dave & Buster's Entertainment to $95.00 and gave the company an “in-line” rating in a report on Wednesday, January 3rd. BMO Capital Markets cut their price objective on Dave & Buster's Entertainment to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, December 6th. Finally, Raymond James Financial set a $63.00 price objective on Dave & Buster's Entertainment and gave the company a “buy” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.00.

Dave & Buster's Entertainment (PLAY) traded up $1.72 during mid-day trading on Thursday, hitting $47.92. The company had a trading volume of 2,287,667 shares, compared to its average volume of 2,882,578. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.38 and a quick ratio of 0.26. The stock has a market cap of $1,880.00, a P/E ratio of 18.29, a PEG ratio of 1.44 and a beta of 0.58. Dave & Buster's Entertainment has a 52-week low of $43.77 and a 52-week high of $73.48.

In related news, CFO Brian Jenkins sold 9,400 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $57.32, for a total transaction of $538,808.00. Following the completion of the transaction, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at approximately $289,007.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin M. Sheehan bought 10,000 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were bought at an average cost of $45.58 per share, with a total value of $455,800.00. Following the completion of the purchase, the director now directly owns 60,138 shares in the company, valued at $2,741,090.04. The disclosure for this purchase can be found here. Insiders have sold a total of 26,600 shares of company stock valued at $1,478,448 over the last three months. 3.84% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Dave & Buster's Entertainment by 9.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 180,879 shares of the restaurant operator’s stock worth $12,031,000 after acquiring an additional 15,795 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Dave & Buster's Entertainment by 54.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 18,511 shares of the restaurant operator’s stock worth $1,231,000 after acquiring an additional 6,528 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dave & Buster's Entertainment by 147.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after acquiring an additional 1,286 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Dave & Buster's Entertainment by 9.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,613 shares of the restaurant operator’s stock worth $240,000 after acquiring an additional 319 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Dave & Buster's Entertainment by 11.1% during the 2nd quarter. Principal Financial Group Inc. now owns 325,067 shares of the restaurant operator’s stock worth $21,620,000 after acquiring an additional 32,475 shares in the last quarter.

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Dave & Buster's Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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.

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

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