Q1 2019 EPS Estimates for Dave & Buster's Entertainment, Inc. Raised by William Blair (PLAY)

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) – Investment analysts at William Blair upped their Q1 2019 earnings per share estimates for shares of Dave & Buster's Entertainment in a research report issued on Tuesday. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings per share of $0.99 for the quarter, up from their previous estimate of $0.87. William Blair also issued estimates for Dave & Buster's Entertainment’s Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.38 EPS and FY2019 earnings at $2.97 EPS.

A number of other research firms have also recently issued reports on PLAY. Maxim Group reissued a “buy” rating and set a $97.00 price objective on shares of Dave & Buster's Entertainment in a research report on Friday, December 22nd. Wells Fargo & Co reduced their price objective on Dave & Buster's Entertainment from $66.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday. TheStreet cut Dave & Buster's Entertainment from a “b” rating to a “c” rating in a research report on Wednesday, October 4th. Piper Jaffray Companies reissued a “buy” rating and set a $56.00 price objective on shares of Dave & Buster's Entertainment in a research report on Tuesday. Finally, Zacks Investment Research raised Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $69.00.

Dave & Buster's Entertainment (NASDAQ:PLAY) traded up $0.10 on Thursday, reaching $46.20. The company had a trading volume of 2,241,600 shares, compared to its average volume of 1,940,000. The firm has a market capitalization of $1,880.00, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.44 and a beta of 0.58. Dave & Buster's Entertainment has a 52-week low of $43.77 and a 52-week high of $73.48. The company has a current ratio of 0.38, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. The firm had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $255.70 million. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share.

In other news, SVP Jay L. Tobin sold 4,000 shares of Dave & Buster's Entertainment stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $55.00, for a total value of $220,000.00. Following the transaction, the senior vice president now directly owns 52,071 shares in the company, valued at $2,863,905. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Jenkins sold 10,000 shares of Dave & Buster's Entertainment stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $54.09, for a total value of $540,900.00. Following the completion of the transaction, the chief financial officer now owns 5,042 shares in the company, valued at $272,721.78. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock valued at $1,478,448 in the last ninety days. Insiders own 3.84% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Dave & Buster's Entertainment by 3.2% in the second quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock worth $304,033,000 after purchasing an additional 141,356 shares during the period. Mackenzie Financial Corp increased its stake in shares of Dave & Buster's Entertainment by 414.8% in the third quarter. Mackenzie Financial Corp now owns 1,152,016 shares of the restaurant operator’s stock worth $60,458,000 after purchasing an additional 928,227 shares during the period. Voya Investment Management LLC increased its stake in shares of Dave & Buster's Entertainment by 4.7% in the second quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock worth $69,707,000 after purchasing an additional 47,031 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Dave & Buster's Entertainment by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,040,184 shares of the restaurant operator’s stock worth $54,589,000 after purchasing an additional 6,493 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Dave & Buster's Entertainment by 6.5% in the second quarter. Wells Fargo & Company MN now owns 1,001,832 shares of the restaurant operator’s stock worth $66,632,000 after purchasing an additional 61,034 shares during the period.

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Dave & Buster's Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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.

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

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