Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to Post Q1 2024 Earnings of $1.14 Per Share, William Blair Forecasts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) – Equities research analysts at William Blair reduced their Q1 2024 EPS estimates for shares of Dave & Buster’s Entertainment in a research report issued on Wednesday, May 17th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings of $1.14 per share for the quarter, down from their prior estimate of $1.25. The consensus estimate for Dave & Buster’s Entertainment’s current full-year earnings is $3.18 per share. William Blair also issued estimates for Dave & Buster’s Entertainment’s FY2024 earnings at $3.16 EPS and FY2025 earnings at $3.72 EPS.

A number of other equities analysts have also recently commented on PLAY. UBS Group assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Sunday, May 7th. They issued a “neutral” rating and a $38.00 price objective for the company. StockNews.com assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Thursday. They set a “hold” rating for the company. Finally, Truist Financial dropped their price target on shares of Dave & Buster’s Entertainment from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, March 29th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.57.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ:PLAY opened at $34.50 on Friday. Dave & Buster’s Entertainment has a 52 week low of $29.60 and a 52 week high of $45.51. The stock has a market capitalization of $1.67 billion, a P/E ratio of 12.41 and a beta of 1.92. The firm has a fifty day simple moving average of $35.00 and a two-hundred day simple moving average of $37.72. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 2.98.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last announced its quarterly earnings results on Tuesday, March 28th. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Dave & Buster’s Entertainment had a net margin of 6.98% and a return on equity of 37.39%. The company had revenue of $563.76 million for the quarter, compared to the consensus estimate of $531.84 million. During the same period in the previous year, the firm posted $0.52 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was up 64.3% compared to the same quarter last year.

Insider Activity

In other news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $35.00, for a total value of $262,500.00. Following the completion of the sale, the senior vice president now owns 78,777 shares in the company, valued at approximately $2,757,195. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PLAY. Parkside Financial Bank & Trust raised its stake in shares of Dave & Buster’s Entertainment by 381.2% during the 1st quarter. Parkside Financial Bank & Trust now owns 717 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 568 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth approximately $32,000. Y.D. More Investments Ltd bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $33,000. Dark Forest Capital Management LP bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $36,000. Finally, Armstrong Advisory Group Inc. bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $38,000. Institutional investors own 99.21% of the company’s stock.

About Dave & Buster’s Entertainment

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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.