Dave & Buster’s Entertainment (NASDAQ:PLAY) Releases Earnings Results, Beats Expectations By $0.05 EPS

Dave & Buster’s Entertainment (NASDAQ:PLAY) issued its quarterly earnings results on Monday. The restaurant operator reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05, Briefing.com reports. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same period last year, the company posted $0.88 EPS. Dave & Buster’s Entertainment’s quarterly revenue was down 10.8% compared to the same quarter last year.

Dave & Buster’s Entertainment Trading Down 0.8 %

PLAY opened at $16.06 on Wednesday. The business’s 50-day simple moving average is $21.34 and its 200-day simple moving average is $28.94. The company has a market cap of $618.36 million, a P/E ratio of 7.95 and a beta of 1.86. Dave & Buster’s Entertainment has a one year low of $15.08 and a one year high of $64.31. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Analysts Set New Price Targets

A number of research analysts have weighed in on PLAY shares. Piper Sandler decreased their price objective on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday. Loop Capital lowered their target price on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday. Gordon Haskett restated a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $35.83.

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.