Dave & Buster’s Entertainment (NASDAQ:PLAY) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

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Dave & Buster’s Entertainment (NASDAQ:PLAY) posted its quarterly earnings results on Tuesday. The restaurant operator reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04, Fidelity Earnings reports. The business had revenue of $344.60 million during the quarter, compared to analysts’ expectations of $345.27 million. Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. Dave & Buster’s Entertainment updated its FY 2019 guidance to EPS.

NASDAQ:PLAY traded down $3.64 during mid-day trading on Wednesday, hitting $40.08. 3,032,255 shares of the stock were exchanged, compared to its average volume of 802,106. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.86. The firm’s 50-day simple moving average is $40.46 and its 200 day simple moving average is $46.70. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.17 and a current ratio of 0.28. Dave & Buster’s Entertainment has a fifty-two week low of $37.21 and a fifty-two week high of $67.05.

In other news, Director Michael J. Griffith acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were purchased at an average cost of $39.32 per share, with a total value of $196,600.00. Following the acquisition, the director now directly owns 16,327 shares in the company, valued at approximately $641,977.64. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP John Mulleady sold 7,500 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $39.94, for a total value of $299,550.00. Following the transaction, the senior vice president now owns 21,319 shares in the company, valued at approximately $851,480.86. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

A number of research firms recently weighed in on PLAY. SunTrust Banks decreased their target price on Dave & Buster’s Entertainment to $41.00 and set a “hold” rating on the stock in a report on Wednesday. Raymond James downgraded Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a report on Wednesday. Deutsche Bank assumed coverage on Dave & Buster’s Entertainment in a report on Friday, June 28th. They set a “hold” rating and a $42.00 price target for the company. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research report on Monday, September 2nd. Finally, William Blair downgraded shares of Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.48.

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 for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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