Dave & Buster’s Entertainment (NASDAQ:PLAY) Issues Earnings Results

Dave & Buster’s Entertainment (NASDAQ:PLAY) announced its earnings results on Monday. The restaurant operator reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01), Briefing.com reports. The company had revenue of $534.50 million for the quarter, compared to analysts’ expectations of $548.77 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. Dave & Buster’s Entertainment’s quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share.

Dave & Buster’s Entertainment Price Performance

Shares of Dave & Buster’s Entertainment stock traded down $0.64 during trading hours on Monday, hitting $16.19. The company’s stock had a trading volume of 3,095,260 shares, compared to its average volume of 1,466,108. The company has a market cap of $623.36 million, a PE ratio of 8.01 and a beta of 1.86. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The business has a 50 day moving average price of $22.02 and a two-hundred day moving average price of $29.26. Dave & Buster’s Entertainment has a 12-month low of $15.08 and a 12-month high of $65.38.

Analyst Ratings Changes

A number of research firms have weighed in on PLAY. Loop Capital lowered their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. BMO Capital Markets dropped their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and set a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, Truist Financial lowered their target price on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.60.

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.