Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Equities researchers at Piper Jaffray Companies lowered their Q1 2021 earnings estimates for Dave & Buster’s Entertainment in a report issued on Tuesday, December 10th, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Regan now forecasts that the restaurant operator will post earnings per share of $1.29 for the quarter, down from their prior forecast of $1.35. Piper Jaffray Companies currently has a “Overweight” rating and a $40.00 price target on the stock. Piper Jaffray Companies also issued estimates for Dave & Buster’s Entertainment’s Q2 2021 earnings at $0.97 EPS and FY2021 earnings at $3.04 EPS.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, December 10th. The restaurant operator reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.25). The company had revenue of $299.40 million during the quarter, compared to analysts’ expectations of $296.39 million. Dave & Buster’s Entertainment had a net margin of 7.82% and a return on equity of 37.48%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share.
A number of other equities research analysts also recently issued reports on the stock. SunTrust Banks upped their price objective on shares of Dave & Buster’s Entertainment from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Loop Capital cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Co reduced their target price on Dave & Buster’s Entertainment from $44.00 to $42.00 and set a “market perform” rating for the company in a report on Wednesday, December 4th. Raymond James downgraded Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 11th. Finally, ValuEngine upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company. Dave & Buster’s Entertainment has a consensus rating of “Hold” and a consensus price target of $46.98.
NASDAQ PLAY opened at $41.25 on Thursday. Dave & Buster’s Entertainment has a 1 year low of $37.20 and a 1 year high of $59.60. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.95 and a beta of 0.79. The company has a fifty day moving average price of $39.80 and a 200-day moving average price of $40.43. The company has a debt-to-equity ratio of 12.25, a current ratio of 0.25 and a quick ratio of 0.14.
Hedge funds have recently bought and sold shares of the company. Evoke Wealth LLC bought a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at about $25,000. Usca Ria LLC purchased a new position in shares of Dave & Buster’s Entertainment in the third quarter worth about $28,000. Quest Capital Management Inc. ADV purchased a new position in shares of Dave & Buster’s Entertainment in the third quarter worth about $30,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at approximately $36,000. Finally, Meeder Asset Management Inc. raised its position in shares of Dave & Buster’s Entertainment by 639.8% in the second quarter. Meeder Asset Management Inc. now owns 1,857 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 1,606 shares during the period. Institutional investors own 99.15% of the company’s stock.
In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $38.84, for a total value of $291,300.00. Following the completion of the sale, the senior vice president now directly owns 19,774 shares of the company’s stock, valued at $768,022.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO John P. Gleason sold 11,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $40.42, for a total value of $444,620.00. Following the completion of the sale, the chief marketing officer now owns 32,325 shares in the company, valued at $1,306,576.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,700 shares of company stock valued at $744,152 over the last three months. Insiders own 3.70% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 10th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.55%. This is a boost from Dave & Buster’s Entertainment’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, January 9th. Dave & Buster’s Entertainment’s payout ratio is presently 21.84%.
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.