Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Free Report) – 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 – Get Free Report) 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.
Check Out Our Latest Report on Dave & Buster’s Entertainment
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.
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