Dave & Buster’s Entertainment (NASDAQ:PLAY) posted its quarterly earnings data on Tuesday. The restaurant operator reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04, Fidelity Earnings reports. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 29.12%. The firm had revenue of $344.60 million for the quarter, compared to analyst estimates of $345.27 million. Dave & Buster’s Entertainment updated its FY 2019 guidance to EPS.
Shares of NASDAQ PLAY opened at $41.70 on Thursday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 14.23, a PEG ratio of 0.97 and a beta of 0.86. Dave & Buster’s Entertainment has a one year low of $37.21 and a one year high of $67.05. The company’s fifty day moving average is $40.47 and its two-hundred day moving average is $46.65. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.17 and a current ratio of 0.28.
PLAY has been the topic of a number of analyst reports. Piper Jaffray Companies reiterated an “overweight” rating and issued a $40.00 price objective (down from $55.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Jefferies Financial Group lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the stock from $56.00 to $40.00 in a research report on Tuesday, July 2nd. Maxim Group decreased their target price on shares of Dave & Buster’s Entertainment from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank started coverage on shares of Dave & Buster’s Entertainment in a research report on Friday, June 28th. They set a “hold” rating and a $42.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $48.48.
In related news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $39.94, for a total value of $299,550.00. Following the sale, the senior vice president now directly owns 21,319 shares in the company, valued at approximately $851,480.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Griffith acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was acquired at an average price of $39.32 per share, for a total transaction of $196,600.00. Following the completion of the transaction, the director now directly owns 16,327 shares in the company, valued at $641,977.64. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.
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 entrÃ©es 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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