Analysts expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to announce sales of $273.96 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made 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 suggests a positive year over year growth rate of 9.6%. The business is scheduled to issue its next quarterly earnings report on Tuesday, December 4th.
On average, analysts expect that Dave & Buster’s Entertainment will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $1.21 billion to $1.26 billion. For the next year, analysts forecast that the firm will post sales of $1.38 billion, with estimates ranging from $1.34 billion to $1.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Dave & Buster’s Entertainment.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, topping the consensus estimate of $0.67 by $0.17. The company had revenue of $319.20 million for the quarter, compared to analyst estimates of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share.
In other news, COO Margo Lynn Manning sold 10,000 shares of the business’s 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 transaction, the chief operating officer now owns 18,563 shares of the company’s stock, valued at $1,218,289.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen M. King sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $61.87, for a total value of $5,568,300.00. Following the completion of the transaction, the director now directly owns 80,691 shares in the company, valued at approximately $4,992,352.17. The disclosure for this sale can be found here. In the last three months, insiders sold 163,400 shares of company stock worth $10,097,165. Corporate insiders own 3.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in shares of Dave & Buster’s Entertainment by 15.2% in the second quarter. Wells Fargo & Company MN now owns 158,367 shares of the restaurant operator’s stock valued at $7,539,000 after buying an additional 20,923 shares in the last quarter. Trexquant Investment LP boosted its stake in shares of Dave & Buster’s Entertainment by 813.8% in the second quarter. Trexquant Investment LP now owns 56,727 shares of the restaurant operator’s stock valued at $2,700,000 after buying an additional 50,519 shares in the last quarter. Aurora Investment Counsel boosted its stake in shares of Dave & Buster’s Entertainment by 4.1% in the second quarter. Aurora Investment Counsel now owns 33,159 shares of the restaurant operator’s stock valued at $1,578,000 after buying an additional 1,291 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Dave & Buster’s Entertainment by 91.3% in the second quarter. Sei Investments Co. now owns 36,375 shares of the restaurant operator’s stock valued at $1,732,000 after buying an additional 17,363 shares in the last quarter. Finally, Sun Life Financial INC purchased a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at approximately $483,000.
PLAY traded down $2.47 during trading on Friday, hitting $55.68. 1,148,512 shares of the stock were exchanged, compared to its average volume of 1,175,690. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.43 and a beta of 0.48. Dave & Buster’s Entertainment has a 1-year low of $37.85 and a 1-year high of $67.05. The company has a quick ratio of 0.36, a current ratio of 0.47 and a debt-to-equity ratio of 0.79.
The business also recently announced a special dividend, which was paid on Wednesday, October 10th. Stockholders of record on Tuesday, September 25th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, September 24th. Dave & Buster’s Entertainment’s payout ratio is currently 23.08%.
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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