Dave & Buster's Entertainment (NASDAQ:PLAY) Posts Earnings Results, Beats Expectations By $0.05 EPS

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) announced its quarterly earnings data on Monday. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.05, Briefing.com reports. The business had revenue of $534.50 million for the quarter, compared to analysts' expectations of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm's quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS.

Dave & Buster's Entertainment Price Performance

NASDAQ PLAY traded down $0.51 during trading on Friday, reaching $17.10. The company's stock had a trading volume of 1,160,433 shares, compared to its average volume of 1,481,392. The firm has a fifty day moving average of $20.56 and a 200 day moving average of $28.55. Dave & Buster's Entertainment has a one year low of $15.08 and a one year high of $59.78. The stock has a market capitalization of $590.21 million, a PE ratio of 8.47 and a beta of 1.86. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday. Loop Capital reduced their price target on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday. Truist Financial dropped their price objective on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. Finally, Piper Sandler reduced their target price on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Dave & Buster's Entertainment presently has a consensus rating of "Hold" and a consensus target price of $33.00.

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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.