What is Zacks Research’s Estimate for PLAY FY2027 Earnings?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Zacks Research lowered their FY2027 EPS estimates for shares of Dave & Buster’s Entertainment in a report issued on Tuesday, October 22nd. Zacks Research analyst R. Department now anticipates that the restaurant operator will post earnings per share of $2.97 for the year, down from their previous forecast of $3.12. The consensus estimate for Dave & Buster’s Entertainment’s current full-year earnings is $2.70 per share.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the prior year, the firm earned $0.94 EPS. Dave & Buster’s Entertainment’s quarterly revenue was up 2.8% on a year-over-year basis.

Other analysts also recently issued reports about the stock. BMO Capital Markets decreased their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Benchmark started coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating for the company. Loop Capital reduced their price objective on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Truist Financial decreased their price objective on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Finally, StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus price target of $62.57.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $34.49 on Thursday. Dave & Buster’s Entertainment has a fifty-two week low of $29.31 and a fifty-two week high of $69.82. The stock’s 50-day moving average is $32.73 and its two-hundred day moving average is $41.08. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. The firm has a market cap of $1.36 billion, a P/E ratio of 12.43 and a beta of 2.15.

Insider Transactions at Dave & Buster’s Entertainment

In related news, CEO Christopher Daniel Morris purchased 14,912 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the transaction, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PLAY. Eminence Capital LP boosted its position in Dave & Buster’s Entertainment by 69.3% in the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares during the last quarter. Coronation Fund Managers Ltd. boosted its holdings in Dave & Buster’s Entertainment by 273.6% in the first quarter. Coronation Fund Managers Ltd. now owns 1,005,479 shares of the restaurant operator’s stock valued at $62,943,000 after acquiring an additional 736,345 shares during the last quarter. Rubric Capital Management LP increased its position in Dave & Buster’s Entertainment by 104.7% in the second quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock worth $48,767,000 after purchasing an additional 626,497 shares during the period. National Bank of Canada FI bought a new stake in Dave & Buster’s Entertainment during the 1st quarter worth about $31,300,000. Finally, Hood River Capital Management LLC bought a new stake in Dave & Buster’s Entertainment during the 1st quarter worth about $30,229,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.