Wall Street brokerages expect Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) to report sales of $273.96 million for the current quarter, according to Zacks. Six analysts have made estimates for Dave & Buster’s Entertainment’s earnings, with estimates ranging from $265.10 million to $284.69 million. Dave & Buster’s Entertainment posted sales of $249.98 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, December 4th.
According to Zacks, analysts expect that Dave & Buster’s Entertainment will report full year sales of $1.24 billion for the current year, with estimates ranging from $1.21 billion to $1.26 billion. For the next year, analysts forecast that the firm will report sales of $1.38 billion, with estimates ranging from $1.34 billion to $1.43 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Dave & Buster’s Entertainment.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.17. Dave & Buster’s Entertainment had a net margin of 10.26% and a return on equity of 26.34%. The business had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $311.85 million. During the same period in the previous year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year.
In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $48.53, for a total value of $97,060.00. Following the sale, the senior vice president now owns 3,671 shares of the company’s stock, valued at $178,153.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Margo Lynn Manning sold 2,600 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $50.00, for a total transaction of $130,000.00. Following the completion of the sale, the chief operating officer now directly owns 11,163 shares in the company, valued at approximately $558,150. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,400 shares of company stock worth $10,097,165. Insiders own 3.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Rice Hall James & Associates LLC raised its position in shares of Dave & Buster’s Entertainment by 6.1% in the third quarter. Rice Hall James & Associates LLC now owns 1,190,101 shares of the restaurant operator’s stock valued at $78,808,000 after purchasing an additional 68,181 shares during the period. First Trust Advisors LP raised its position in shares of Dave & Buster’s Entertainment by 159.6% in the third quarter. First Trust Advisors LP now owns 44,201 shares of the restaurant operator’s stock valued at $2,927,000 after purchasing an additional 27,172 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $228,000. Kirr Marbach & Co. LLC IN raised its position in shares of Dave & Buster’s Entertainment by 4.1% in the third quarter. Kirr Marbach & Co. LLC IN now owns 163,754 shares of the restaurant operator’s stock valued at $10,844,000 after purchasing an additional 6,485 shares during the period. Finally, Peregrine Capital Management LLC raised its position in shares of Dave & Buster’s Entertainment by 18.0% in the third quarter. Peregrine Capital Management LLC now owns 436,621 shares of the restaurant operator’s stock valued at $28,913,000 after purchasing an additional 66,573 shares during the period.
Dave & Buster’s Entertainment stock traded down $2.47 during midday trading on Friday, hitting $55.68. 1,148,512 shares of the stock were exchanged, compared to its average volume of 1,175,690. Dave & Buster’s Entertainment has a 52-week low of $37.85 and a 52-week high of $67.05. The stock has a market cap of $2.27 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.43 and a beta of 0.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47.
The business also recently disclosed a special dividend, which was paid on Wednesday, October 10th. Shareholders of record on Tuesday, September 25th were given a $0.15 dividend. The ex-dividend date was Monday, September 24th. Dave & Buster’s Entertainment’s dividend payout ratio is 23.08%.
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 entrées 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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