Zacks: Brokerages Expect Dave & Buster’s Entertainment Inc (PLAY) Will Post Quarterly Sales of $273.96 Million

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Wall Street analysts expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to report $273.96 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Dave & Buster’s Entertainment’s earnings, with the lowest sales estimate coming in at $265.10 million and the highest estimate coming in at $284.69 million. Dave & Buster’s Entertainment posted sales of $249.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The company is scheduled to issue its next quarterly earnings report on Tuesday, December 4th.

According to Zacks, analysts expect that Dave & Buster’s Entertainment will report full-year sales of $1.24 billion for the current year, with estimates ranging from $1.21 billion to $1.26 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.38 billion, with estimates ranging from $1.34 billion to $1.43 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Dave & Buster’s Entertainment.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.17. The company had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. Dave & Buster’s Entertainment’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS.

PLAY has been the topic of a number of research reports. Raymond James set a $70.00 price objective on Dave & Buster’s Entertainment and gave the company a “buy” rating in a report on Monday, September 17th. BidaskClub cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine raised Dave & Buster’s Entertainment from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Finally, William Blair reissued a “buy” rating on shares of Dave & Buster’s Entertainment in a report on Friday, August 17th. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $69.78.

Shares of NASDAQ PLAY opened at $59.90 on Friday. The stock has a market cap of $2.57 billion, a P/E ratio of 23.04, a PEG ratio of 1.63 and a beta of 0.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47. Dave & Buster’s Entertainment has a 1-year low of $37.85 and a 1-year high of $67.05.

The business also recently declared a special dividend, which was paid on Wednesday, October 10th. Shareholders of record on Tuesday, September 25th were paid a $0.15 dividend. The ex-dividend date was Monday, September 24th. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is currently 23.08%.

In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $48.53, for a total value of $97,060.00. Following the transaction, the senior vice president now directly owns 3,671 shares of the company’s stock, valued at approximately $178,153.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $65.63, for a total value of $656,300.00. Following the completion of the transaction, the chief operating officer now directly owns 18,563 shares in the company, valued at $1,218,289.69. The disclosure for this sale can be found here. Insiders sold a total of 163,600 shares of company stock worth $10,107,165 over the last ninety days. Insiders own 3.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in PLAY. Signition LP purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $208,000. GSA Capital Partners LLP purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $228,000. Violich Capital Management Inc. purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $252,000. Profund Advisors LLC increased its stake in Dave & Buster’s Entertainment by 28.4% in the 1st quarter. Profund Advisors LLC now owns 8,048 shares of the restaurant operator’s stock worth $336,000 after purchasing an additional 1,782 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $365,000.

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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