Zacks Research Has Negative Outlook of PLAY FY2027 Earnings

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) - Research analysts at Zacks Research lowered their FY2027 earnings estimates for Dave & Buster's Entertainment in a research report issued to clients and investors 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 prior forecast of $3.12. The consensus estimate for Dave & Buster's Entertainment's current full-year earnings is $2.62 per share.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. Dave & Buster's Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. During the same quarter last year, the business posted $0.94 EPS. Dave & Buster's Entertainment's revenue for the quarter was up 2.8% on a year-over-year basis.

A number of other research analysts have also issued reports on PLAY. Loop Capital dropped 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. StockNews.com lowered Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a research report on Wednesday, September 11th. Truist Financial reduced their price target on 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. BMO Capital Markets cut their price objective on Dave & Buster's Entertainment from $65.00 to $55.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 11th. Finally, Benchmark began coverage on shares of Dave & Buster's Entertainment in a report on Monday, October 7th. They set a "hold" rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.57.

Dave & Buster's Entertainment Trading Up 8.2 %

Shares of PLAY stock traded up $2.79 during mid-day trading on Thursday, reaching $36.86. 1,501,404 shares of the stock traded hands, compared to its average volume of 1,263,960. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 13.45 and a beta of 2.15. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. The stock's fifty day simple moving average is $32.73 and its two-hundred day simple moving average is $41.08. Dave & Buster's Entertainment has a 1-year low of $29.31 and a 1-year high of $69.82.

Insider Buying and Selling at Dave & Buster's Entertainment

In other Dave & Buster's Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average price of $33.67 per share, with a total value of $502,087.04. Following the transaction, the chief executive officer now owns 83,847 shares in the company, valued at $2,823,128.49. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dave & Buster's Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capstone Investment Advisors LLC raised its holdings in shares of Dave & Buster's Entertainment by 128.6% in the first quarter. Capstone Investment Advisors LLC now owns 34,359 shares of the restaurant operator's stock valued at $2,151,000 after purchasing an additional 19,327 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Dave & Buster's Entertainment in the 1st quarter valued at about $331,000. GSA Capital Partners LLP bought a new position in shares of Dave & Buster's Entertainment during the 1st quarter worth approximately $476,000. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of Dave & Buster's Entertainment by 3.5% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator's stock worth $560,000 after buying an additional 300 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its holdings in shares of 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 in the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

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.