Dave & Buster’s Entertainment (NASDAQ:PLAY) Issues Quarterly Earnings Results, Misses Estimates By $0.20 EPS

Dave & Buster’s Entertainment (NASDAQ:PLAY) posted its earnings results on Tuesday. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20), Zacks reports. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The business had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $572.12 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Dave & Buster’s Entertainment’s quarterly revenue was down 3.5% compared to the same quarter last year.

Dave & Buster’s Entertainment Trading Up 17.7%

PLAY opened at $30.46 on Thursday. Dave & Buster’s Entertainment has a one year low of $15.08 and a one year high of $51.27. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 15.08 and a beta of 2.00. The business has a 50 day simple moving average of $20.54 and a two-hundred day simple moving average of $24.12. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Analyst Ratings Changes

Several research firms recently commented on PLAY. Truist Financial boosted their target price on Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday. Piper Sandler upped their price objective on Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday. BMO Capital Markets upped their price objective on Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday. Loop Capital upped their price objective on Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group upped their price objective on Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $33.83.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Dave & Buster’s Entertainment stock. AQR Capital Management LLC bought a new position in Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,462 shares of the restaurant operator’s stock, valued at approximately $430,000. AQR Capital Management LLC owned about 0.07% of Dave & Buster’s Entertainment at the end of the most recent quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.