FY2018 EPS Estimates for Dave & Buster's Entertainment, Inc. Increased by SunTrust Banks (PLAY)

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) – SunTrust Banks boosted their FY2018 earnings per share (EPS) estimates for Dave & Buster's Entertainment in a note issued to investors on Wednesday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $2.62 per share for the year, up from their prior forecast of $2.50. SunTrust Banks has a “Buy” rating and a $85.00 price objective on the stock. SunTrust Banks also issued estimates for Dave & Buster's Entertainment’s Q1 2019 earnings at $1.04 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.84 EPS and FY2019 earnings at $2.88 EPS.

Dave & Buster's Entertainment (NASDAQ:PLAY) last posted its earnings results on Thursday, June 8th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.17. The firm had revenue of $304.15 million during the quarter, compared to analysts’ expectations of $299.77 million. Dave & Buster's Entertainment had a net margin of 8.91% and a return on equity of 22.15%. The company’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. ILLEGAL ACTIVITY NOTICE: “FY2018 EPS Estimates for Dave & Buster's Entertainment, Inc. Increased by SunTrust Banks (PLAY)” was reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://transcriptdaily.com/2017/06/17/fy2018-eps-estimates-for-dave-s-entertainment-inc-increased-by-suntrust-banks-play-updated.html.

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

Several other equities analysts have also recently weighed in on the stock. Wells Fargo & Co reaffirmed an “outperform” rating and set a $78.00 price target (up from $75.00) on shares of Dave & Buster's Entertainment in a research note on Friday. Canaccord Genuity reaffirmed a “buy” rating and set a $77.00 price target (up from $70.00) on shares of Dave & Buster's Entertainment in a research note on Friday. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price target (up from $65.00) on shares of Dave & Buster's Entertainment in a research note on Friday. BidAskClub raised shares of Dave & Buster's Entertainment from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Piper Jaffray Companies raised their price target on shares of Dave & Buster's Entertainment from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $73.78.

Shares of Dave & Buster's Entertainment (NASDAQ PLAY) opened at 68.90 on Thursday. The firm has a 50-day moving average of $66.42 and a 200-day moving average of $58.92. The firm has a market capitalization of $2.89 billion, a PE ratio of 32.81 and a beta of 0.71. Dave & Buster's Entertainment has a 1-year low of $37.60 and a 1-year high of $73.48.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Dave & Buster's Entertainment by 128,117.4% in the first quarter. BlackRock Inc. now owns 4,429,910 shares of the restaurant operator’s stock valued at $270,623,000 after buying an additional 4,426,455 shares during the last quarter. Putnam Investments LLC acquired a new stake in shares of Dave & Buster's Entertainment during the fourth quarter valued at about $47,581,000. Ameriprise Financial Inc. increased its stake in shares of Dave & Buster's Entertainment by 129.3% in the first quarter. Ameriprise Financial Inc. now owns 999,640 shares of the restaurant operator’s stock valued at $61,068,000 after buying an additional 563,599 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Dave & Buster's Entertainment during the first quarter valued at about $31,865,000. Finally, Melvin Capital Management LP increased its stake in shares of Dave & Buster's Entertainment by 153.8% in the third quarter. Melvin Capital Management LP now owns 825,000 shares of the restaurant operator’s stock valued at $32,324,000 after buying an additional 500,000 shares in the last quarter.

In other news, CEO Stephen M. King sold 75,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $71.69, for a total value of $5,376,750.00. Following the completion of the sale, the chief executive officer now owns 37,501 shares of the company’s stock, valued at approximately $2,688,446.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John Mulleady sold 2,500 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $59.26, for a total value of $148,150.00. Following the completion of the sale, the senior vice president now directly owns 2,501 shares of the company’s stock, valued at approximately $148,209.26. The disclosure for this sale can be found here. In the last three months, insiders sold 241,686 shares of company stock valued at $15,754,946. 5.60% of the stock is currently owned by insiders.

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