Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Equities research analysts at William Blair lifted their Q2 2021 earnings per share (EPS) estimates for shares of Dave & Buster’s Entertainment in a report issued on Wednesday, September 2nd. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings of ($1.64) per share for the quarter, up from their previous estimate of ($2.05). William Blair also issued estimates for Dave & Buster’s Entertainment’s Q3 2021 earnings at ($1.14) EPS, Q4 2021 earnings at $0.26 EPS, FY2021 earnings at ($3.63) EPS and FY2022 earnings at ($0.27) EPS.
Other research analysts have also issued reports about the stock. TheStreet lowered shares of Dave & Buster’s Entertainment from a “c-” rating to a “d+” rating in a report on Thursday, June 11th. Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating and set a $17.50 price objective on the stock in a report on Tuesday, September 1st. BMO Capital Markets increased their price objective on shares of Dave & Buster’s Entertainment from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, June 12th. SunTrust Banks upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $22.00 in a report on Friday, June 12th. Finally, BidaskClub upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Saturday. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.50.
Its share price could erupt as a famous gold miner reveals a huge new Yukon project.
Dave & Buster’s Entertainment stock opened at $18.85 on Monday. Dave & Buster’s Entertainment has a 12-month low of $4.61 and a 12-month high of $48.80. The stock has a market capitalization of $894.47 million, a P/E ratio of 53.86 and a beta of 1.69. The firm’s 50-day moving average is $14.28 and its two-hundred day moving average is $16.35. The company has a debt-to-equity ratio of 10.36, a current ratio of 0.73 and a quick ratio of 0.62. Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Thursday, June 11th. The restaurant operator reported ($1.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.85) by ($0.52). Dave & Buster’s Entertainment had a return on equity of 8.89% and a net margin of 1.24%. The firm had revenue of $159.80 million for the quarter, compared to analyst estimates of $167.83 million. During the same period in the prior year, the business earned $1.13 earnings per share. Dave & Buster’s Entertainment’s revenue for the quarter was down 56.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Dave & Buster’s Entertainment by 33.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,577,781 shares of the restaurant operator’s stock valued at $61,022,000 after acquiring an additional 1,153,179 shares in the last quarter. Eminence Capital LP grew its stake in Dave & Buster’s Entertainment by 108.0% during the 2nd quarter. Eminence Capital LP now owns 3,499,254 shares of the restaurant operator’s stock valued at $46,645,000 after acquiring an additional 1,817,225 shares in the last quarter. Kohlberg Kravis Roberts & Co. L.P. grew its stake in Dave & Buster’s Entertainment by 89.4% during the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 2,725,800 shares of the restaurant operator’s stock valued at $35,653,000 after acquiring an additional 1,286,292 shares in the last quarter. UBS Group AG grew its stake in Dave & Buster’s Entertainment by 6,891.5% during the 2nd quarter. UBS Group AG now owns 1,621,389 shares of the restaurant operator’s stock valued at $21,614,000 after acquiring an additional 1,598,198 shares in the last quarter. Finally, State Street Corp grew its stake in Dave & Buster’s Entertainment by 5.6% during the 1st quarter. State Street Corp now owns 980,290 shares of the restaurant operator’s stock valued at $12,822,000 after acquiring an additional 52,292 shares in the last quarter. Hedge funds and other institutional investors own 84.55% of the company’s stock.
In other Dave & Buster’s Entertainment news, CEO Brian Jenkins sold 13,370 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $15.40, for a total value of $205,898.00. Following the sale, the chief executive officer now directly owns 166,912 shares in the company, valued at $2,570,444.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP John Mulleady sold 11,854 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $13.83, for a total transaction of $163,940.82. Following the completion of the sale, the senior vice president now owns 44,862 shares in the company, valued at $620,441.46. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
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.
Featured Article: Certificate of Deposit (CD) For Risk Adverse Investors?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Ever since the U.S. economy began to re-open (and honestly before that), there was concern over the impending “second wave” of the novel coronavirus. And although the second wave of the virus was not expected to hit until the fall, the concerns have been escalating as case numbers rise in multiple states.
And despite the Trump administration’s vehement statements that the economy would not shut down, we learned on February 25 that Texas was now pausing, and in some cases rolling back, its reopening measures in an effort to stem the spread of the virus.
And this is happening as the Centers for Disease Control (CDC) is now saying that it’s possible that 20 million Americans may have the coronavirus based on a sample of blood tests that are showing who has the antibodies in their system.
For its part, the stock market reacted sharply to the move. It was a move that undoubtedly frustrated many weary investors. In fact, you might be among those that have had just about enough of the Covid-19 market. I understand, I’m there too.
But, institutional investors are forward-looking. And right now, they don’t like what they. So stocks are having another broad selloff.However, in the midst of any selloff, there is money to be made. And the good news for investors is that many of the same stocks that were good buys in March, are still the stocks to buy right now. And while some of these stocks fit the classic definition of defensive stocks, you’ll find a few genuine growth stocks included on this list as well.