Dave & Buster’s Entertainment (NASDAQ:PLAY) Announces Quarterly Earnings Results

Dave & Buster’s Entertainment (NASDAQ:PLAY) issued its quarterly earnings data on Tuesday. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.28, Briefing.com reports. Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The company had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. During the same quarter last year, the company posted $0.94 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY traded up $0.54 during midday trading on Thursday, reaching $31.79. The stock had a trading volume of 893,300 shares, compared to its average volume of 1,245,543. The company has a quick ratio of 0.24, a current ratio of 0.32 and a debt-to-equity ratio of 4.41. The stock has a market cap of $1.26 billion, a P/E ratio of 13.30 and a beta of 2.14. The firm has a fifty day simple moving average of $34.25 and a two-hundred day simple moving average of $47.18. Dave & Buster’s Entertainment has a 12-month low of $29.31 and a 12-month high of $69.82.

Insiders Place Their Bets

In other news, CFO Darin Harper bought 13,438 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average price of $38.78 per share, with a total value of $521,125.64. Following the completion of the acquisition, the chief financial officer now directly owns 35,598 shares in the company, valued at $1,380,490.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PLAY has been the subject of a number of research analyst reports. BMO Capital Markets decreased their target price on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday. UBS Group decreased their price objective on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, June 12th. William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Loop Capital reduced their price target on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.57.

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 entrees 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.