William Blair Research Analysts Reduce Earnings Estimates for Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ: PLAY – Get The Score ) – Research analysts at William Blair decreased their Q3 2023 earnings per share estimates for Dave & Buster’s Entertainment in a report issued. on Friday, December 1st. William Blair analyst S. Zackfia now expects that the restaurant operator will post earnings of $0.06 for the quarter, down from their prior forecast of $0.14. The consensus estimate for Dave & Buster’s Entertainment’s full-year earnings is $2.71 per share. William Blair also issued estimates for Dave & Buster’s Entertainment Q4 2023 earnings at $0.78 EPS, FY2023 earnings at $2.79 EPS, Q1 2024 earnings at $1.36 EPS, Q2 2024 earnings at $1.14 EPS, Q3 2024 earnings at EPS. FY2025 earnings at $4.60 EPS.

Dave & Buster’s Entertainment (NASDAQ: PLAY – Get Rating ) last released its earnings data on Wednesday, September 7th. The restaurant operator reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.40). Dave & Buster’s Entertainment had a return on equity of 43.40% and a net margin of 8.37%. The company had revenue of $468.40 million for the quarter, compared to consensus estimates of $432.92 million. In the same quarter last year, the company posted $1.07 EPS. The company’s revenue increased 24.0% on a year-over-year basis.

A number of other analysts have also issued reports on PLAY. Deutsche Bank Aktiengesellschaft raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, November 8th. StockNews.com began coverage on Dave & Buster’s Entertainment in a report on Wednesday, October 12th. They set a “buy” rating for the company. Piper Sandler cut their price target on Dave & Buster’s Entertainment from $44.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 5th. Finally, Truist Financial upped their target price on shares of Dave & Buster’s Entertainment from $57.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, September 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $51.38.

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Dave & Buster’s stock is 0.3 %.

Shares of NASDAQ:PLAY opened at $39.06 on Monday. Dave & Buster’s Entertainment has a one year low of $29.60 and a one year high of $52.54. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.53 and a quick ratio of 0.41. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 0.95 and a beta of 1.83. The company has a 50-day moving average of $36.19 and a 200-day moving average of $36.80.

Insider work at Dave & Buster’s Entertainment

In other news, 150,000 shares of the company’s stock were acquired in a transaction on Tuesday, October 11. The stock was sold at an average price of $31.75 per share, for a total amount of $4,762,500.00. Following the completion of the acquisition, the insider now owns 122,453 shares in the company, valued at $3,887,882.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Path D. Fund Lp Hill purchased 150,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $31.75 per game, with a total of $4,762,500.00. Following the purchase, the insider now directly owns 122,453 shares of the company’s stock, valued at approximately $3,887,882.75. The purchase was disclosed in a regulatory filing with the Securities & Exchange Commission, available through this link. Also, COO Tony Wehner acquired 14,823 shares of the stock in a transaction dated Thursday, October 14th. The shares were traded at an average price of $33.86 per share, for a total of $501,906.78. Following the completion of the sale, the chief executive officer now directly owns 31,243 shares of the company’s stock, valued at approximately $1,057,887.98. The report for this sale can be found here. Over the last three months, insiders have sold 181,977 shares of stock worth $5,821,830. 3.21% of the property is owned by industrial companies.

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School investors weigh in on Dave & Buster’s entertainment

Some hedge funds have recently changed their position in the industry. BlackRock Inc. increased its stake in shares of Dave & Buster’s Entertainment by 5.0% in the third quarter. BlackRock Inc. has now owns 6,831,055 shares of the restaurant operator’s stock valued at $211,967,000 after buying an additional 322,669 shares during the period. Vanguard Group Inc. in its holdings in Dave & Buster’s Entertainment by 0.5% in the first quarter. Vanguard Group Inc. now owns 5,154,666 shares of the restaurant services provider’s stock worth $253,094,000 after purchasing an additional 26,289 shares during the period. Nomura Holdings Inc. its holdings in shares of Dave & Buster’s Entertainment by 5,278.0% in the second quarter. Nomura Holdings Inc. now owns 2,333,892 shares of the restaurant operator’s stock valued at $78,547,000 after purchasing an additional 2,290,495 shares during the period. State Street Corp boosted its holdings in Dave & Buster’s Entertainment by 5.9% in the third quarter. State Street Corp now owns 1,512,478 shares of the restaurant services provider’s stock worth $46,932,000 after purchasing an additional 84,216 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the third quarter worth approximately $41,318,000. Investors and hedge funds own 99.21% of the company’s assets.

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Dave & Buster’s Entertainment Company Profile

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Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its locations offer a menu of snacks and meals, as well as a selection of non-alcoholic and alcoholic beverages; and recreational activities including playing and watching live sports, and other televised events.

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