Dave & Buster’s (NASDAQ:PLAY) – Research analysts at William Blair raised their Q2 2019 EPS estimates for shares of Dave & Buster’s in a research note issued to investors on Wednesday, April 4th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings per share of $0.80 for the quarter, up from their prior estimate of $0.77.
Other research analysts have also recently issued reports about the stock. SunTrust Banks set a $87.00 price target on shares of Dave & Buster’s and gave the stock a “buy” rating in a report on Thursday, January 11th. BidaskClub cut shares of Dave & Buster’s from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. BMO Capital Markets upped their price target on shares of Dave & Buster’s to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. Maxim Group cut their price target on shares of Dave & Buster’s from $97.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. Finally, Piper Jaffray restated a “buy” rating and issued a $56.00 price target on shares of Dave & Buster’s in a report on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $61.10.
Dave & Buster’s (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, April 3rd. The restaurant operator reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Dave & Buster’s had a net margin of 10.61% and a return on equity of 24.67%. The business had revenue of $304.90 million for the quarter, compared to analysts’ expectations of $304.82 million. During the same quarter in the previous year, the business posted $0.63 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of the business. Elkfork Partners LLC bought a new position in Dave & Buster’s during the 4th quarter worth about $314,000. William Blair Investment Management LLC bought a new position in Dave & Buster’s during the 4th quarter worth about $27,806,000. We Are One Seven LLC bought a new position in Dave & Buster’s during the 4th quarter worth about $131,000. MetLife Investment Advisors LLC bought a new position in Dave & Buster’s during the 4th quarter worth about $1,085,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Dave & Buster’s by 14.8% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 18,180 shares of the restaurant operator’s stock worth $1,003,000 after acquiring an additional 2,350 shares in the last quarter.
In other Dave & Buster’s news, SVP J Michael Plunkett sold 2,000 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.60, for a total transaction of $93,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kevin M. Sheehan bought 10,000 shares of the company’s stock in a transaction on Monday, January 8th. The shares were acquired at an average price of $45.58 per share, for a total transaction of $455,800.00. Following the completion of the acquisition, the director now owns 60,138 shares in the company, valued at $2,741,090.04. The disclosure for this purchase can be found here. 3.84% of the stock is owned by corporate insiders.
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Dave & Buster’s 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.
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