SunTrust Banks Equities Analysts Raise Earnings Estimates for Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – SunTrust Banks boosted their FY2020 earnings estimates for shares of Dave & Buster’s Entertainment in a research report issued on Tuesday, December 10th. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $2.96 for the year, up from their previous forecast of $2.76. SunTrust Banks currently has a “Hold” rating and a $42.00 price target on the stock. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q4 2020 earnings at $0.73 EPS, Q1 2021 earnings at $1.27 EPS, Q2 2021 earnings at $0.96 EPS, Q3 2021 earnings at ($0.04) EPS, Q4 2021 earnings at $0.78 EPS and FY2021 earnings at $3.00 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, December 10th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.25). The firm had revenue of $299.40 million for the quarter, compared to analyst estimates of $296.39 million. Dave & Buster’s Entertainment had a net margin of 7.82% and a return on equity of 37.48%. Dave & Buster’s Entertainment’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS.

Other equities analysts have also issued reports about the company. BidaskClub upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Raymond James lowered Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 11th. William Blair lowered Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 11th. Deutsche Bank set a $45.00 target price on Dave & Buster’s Entertainment and gave the company a “hold” rating in a report on Sunday, September 15th. Finally, Loop Capital lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.98.

NASDAQ PLAY opened at $39.41 on Friday. Dave & Buster’s Entertainment has a fifty-two week low of $37.20 and a fifty-two week high of $59.60. The stock’s 50-day moving average is $40.34 and its two-hundred day moving average is $41.17. The company has a debt-to-equity ratio of 12.25, a current ratio of 0.25 and a quick ratio of 0.20. The firm has a market cap of $1.18 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 0.93 and a beta of 0.79.

In other news, CMO John P. Gleason sold 11,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $40.42, for a total value of $444,620.00. Following the transaction, the chief marketing officer now directly owns 32,325 shares in the company, valued at $1,306,576.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Groesbeck Investment Management Corp NJ increased its stake in shares of Dave & Buster’s Entertainment by 1.3% in the third quarter. Groesbeck Investment Management Corp NJ now owns 30,340 shares of the restaurant operator’s stock worth $1,182,000 after purchasing an additional 380 shares during the period. Aperio Group LLC increased its stake in shares of Dave & Buster’s Entertainment by 11.1% in the second quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 457 shares during the period. Whittier Trust Co. increased its stake in shares of Dave & Buster’s Entertainment by 1.1% in the third quarter. Whittier Trust Co. now owns 49,241 shares of the restaurant operator’s stock worth $1,918,000 after purchasing an additional 530 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Dave & Buster’s Entertainment by 7.1% in the third quarter. Janney Montgomery Scott LLC now owns 10,018 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 660 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Dave & Buster’s Entertainment by 1.2% in the third quarter. California State Teachers Retirement System now owns 56,781 shares of the restaurant operator’s stock worth $2,212,000 after purchasing an additional 678 shares during the period. Institutional investors and hedge funds own 99.15% of the company’s stock.

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 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.

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

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