Piper Jaffray Companies Comments on Dave & Buster’s Entertainment Inc’s Q2 2020 Earnings (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) – Equities research analysts at Piper Jaffray Companies increased their Q2 2020 earnings per share estimates for shares of Dave & Buster’s Entertainment in a report issued on Tuesday, April 2nd, according to Zacks Investment Research. Piper Jaffray Companies analyst N. Regan now expects that the restaurant operator will earn $0.87 per share for the quarter, up from their previous estimate of $0.85. Piper Jaffray Companies also issued estimates for Dave & Buster’s Entertainment’s Q3 2020 earnings at $0.26 EPS, Q1 2021 earnings at $1.33 EPS, Q2 2021 earnings at $1.03 EPS, Q3 2021 earnings at $0.27 EPS, Q4 2021 earnings at $0.83 EPS and FY2021 earnings at $3.48 EPS.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.12. The business had revenue of $331.80 million during the quarter, compared to the consensus estimate of $324.90 million. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. Dave & Buster’s Entertainment’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share.

A number of other research analysts also recently issued reports on the company. SunTrust Banks reduced their price objective on Dave & Buster’s Entertainment to $61.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. BidaskClub upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, January 15th. BMO Capital Markets reiterated an “outperform” rating and set a $66.00 price target (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, April 3rd. Wells Fargo & Co increased their price target on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Finally, Zacks Investment Research downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. Dave & Buster’s Entertainment has an average rating of “Buy” and a consensus price target of $65.00.

NASDAQ:PLAY traded up $0.42 during trading on Thursday, reaching $58.00. The company’s stock had a trading volume of 906,330 shares, compared to its average volume of 893,362. The company has a market capitalization of $2.04 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26. Dave & Buster’s Entertainment has a 12 month low of $37.98 and a 12 month high of $67.05.

A number of institutional investors and hedge funds have recently modified their holdings of PLAY. Bank of New York Mellon Corp raised its holdings in shares of Dave & Buster’s Entertainment by 81.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,842,912 shares of the restaurant operator’s stock valued at $188,258,000 after acquiring an additional 1,272,203 shares in the last quarter. Norges Bank purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter valued at about $20,753,000. Lord Abbett & CO. LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter valued at about $16,629,000. 1060 Capital LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter valued at about $13,368,000. Finally, Mackenzie Financial Corp raised its holdings in shares of Dave & Buster’s Entertainment by 16.0% in the 4th quarter. Mackenzie Financial Corp now owns 2,075,402 shares of the restaurant operator’s stock valued at $92,480,000 after acquiring an additional 286,696 shares in the last quarter.

In related news, CMO John P. Gleason sold 8,200 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $54.85, for a total transaction of $449,770.00. Following the sale, the chief marketing officer now owns 23,458 shares of the company’s stock, valued at approximately $1,286,671.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP J Michael Plunkett sold 4,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $50.36, for a total value of $201,440.00. Following the sale, the senior vice president now directly owns 4,001 shares in the company, valued at approximately $201,490.36. The disclosure for this sale can be found here. Insiders have sold a total of 30,635 shares of company stock worth $1,612,020 in the last three months. 3.40% of the stock is currently owned by insiders.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 26th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a yield of 1.03%. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is 20.48%.

About Dave & Buster’s Entertainment

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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Earnings History and Estimates for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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