Wall Street analysts forecast that Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) will announce sales of $369.47 million for the current quarter, Zacks reports. Six analysts have issued estimates for Dave & Buster’s Entertainment’s earnings. The lowest sales estimate is $364.30 million and the highest is $374.60 million. Dave & Buster’s Entertainment reported sales of $332.19 million during the same quarter last year, which indicates a positive year-over-year growth rate of 11.2%. The firm is scheduled to announce its next quarterly earnings report on Monday, June 10th.

According to Zacks, analysts expect that Dave & Buster’s Entertainment will report full-year sales of $1.39 billion for the current fiscal year, with estimates ranging from $1.39 billion to $1.40 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.54 billion, with estimates ranging from $1.52 billion to $1.55 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Dave & Buster’s Entertainment.

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

PLAY has been the subject of a number of research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $66.00 target price (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Monday, February 4th. SunTrust Banks reduced their target price on Dave & Buster’s Entertainment to $61.00 and set a “buy” rating for the company in a report on Tuesday, March 5th. BidaskClub lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Co increased their target price on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. Dave & Buster’s Entertainment has an average rating of “Buy” and an average target price of $65.00.

Shares of NASDAQ:PLAY opened at $51.50 on Monday. The firm has a market cap of $1.89 billion, a PE ratio of 17.58, a P/E/G ratio of 1.13 and a beta of 1.00. Dave & Buster’s Entertainment has a one year low of $37.98 and a one year high of $67.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 26th were issued a $0.15 dividend. The ex-dividend date was Monday, March 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Dave & Buster’s Entertainment’s payout ratio is currently 20.48%.

In other news, Director Stephen M. King sold 10,935 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $54.69, for a total value of $598,035.15. Following the completion of the sale, the director now owns 43,186 shares in the company, valued at $2,361,842.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO John P. Gleason sold 8,200 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $54.85, for a total value of $449,770.00. Following the sale, the chief marketing officer now owns 23,458 shares of the company’s stock, valued at $1,286,671.30. The disclosure for this sale can be found here. Insiders sold 30,635 shares of company stock valued at $1,612,020 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Nordea Investment Management AB raised its holdings in shares of Dave & Buster’s Entertainment by 15.7% during the third quarter. Nordea Investment Management AB now owns 88,317 shares of the restaurant operator’s stock worth $5,848,000 after acquiring an additional 11,962 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Dave & Buster’s Entertainment by 1.6% during the fourth quarter. Macquarie Group Ltd. now owns 37,976 shares of the restaurant operator’s stock worth $1,692,000 after acquiring an additional 601 shares in the last quarter. Scout Investments Inc. raised its holdings in shares of Dave & Buster’s Entertainment by 49.9% during the fourth quarter. Scout Investments Inc. now owns 91,418 shares of the restaurant operator’s stock worth $4,074,000 after acquiring an additional 30,450 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth $127,000. Finally, Bank of Montreal Can raised its holdings in shares of Dave & Buster’s Entertainment by 20.7% during the fourth quarter. Bank of Montreal Can now owns 15,708 shares of the restaurant operator’s stock worth $700,000 after acquiring an additional 2,695 shares in the last quarter.

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

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