Zacks Research Has Positive Forecast for PLAY Q1 Earnings

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities researchers at Zacks Research lifted their Q1 2027 EPS estimates for Dave & Buster’s Entertainment in a research report issued to clients and investors on Tuesday, June 24th. Zacks Research analyst R. Department now expects that the restaurant operator will earn $0.95 per share for the quarter, up from their previous estimate of $0.93. The consensus estimate for Dave & Buster’s Entertainment’s current full-year earnings is $2.52 per share. Zacks Research also issued estimates for Dave & Buster’s Entertainment’s FY2028 earnings at $1.81 EPS.

PLAY has been the topic of a number of other research reports. 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 research note on Wednesday, June 11th. UBS Group upped their price target on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 11th. BMO Capital Markets lifted their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, June 11th. Truist Financial boosted their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, June 11th. Finally, Piper Sandler raised their target price on shares of Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.83.

Dave & Buster’s Entertainment Stock Performance

PLAY opened at $30.48 on Thursday. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. The business’s 50-day simple moving average is $23.65 and its 200 day simple moving average is $23.68. The firm has a market capitalization of $1.05 billion, a PE ratio of 30.18 and a beta of 2.00. Dave & Buster’s Entertainment has a 52-week low of $15.08 and a 52-week high of $43.73.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). The business had revenue of $567.70 million for the quarter, compared to the consensus estimate of $572.12 million. Dave & Buster’s Entertainment had a return on equity of 40.67% and a net margin of 1.83%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of hedge funds have recently bought and sold shares of the business. Eminence Capital LP grew its position in shares of Dave & Buster’s Entertainment by 3.6% during the 4th quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator’s stock worth $112,249,000 after purchasing an additional 135,095 shares in the last quarter. Patient Capital Management LLC raised its holdings in Dave & Buster’s Entertainment by 36.6% in the 4th quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator’s stock valued at $51,878,000 after acquiring an additional 476,662 shares in the last quarter. Clearline Capital LP raised its holdings in Dave & Buster’s Entertainment by 17.7% in the 1st quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator’s stock valued at $23,706,000 after acquiring an additional 203,012 shares in the last quarter. NewEdge Wealth LLC lifted its position in shares of Dave & Buster’s Entertainment by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after acquiring an additional 85,820 shares during the period. Finally, Boston Partners grew its holdings in shares of Dave & Buster’s Entertainment by 1.9% during the 1st quarter. Boston Partners now owns 578,639 shares of the restaurant operator’s stock worth $10,169,000 after purchasing an additional 10,905 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 5,931 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total transaction of $194,477.49. Following the transaction, the senior vice president now owns 42,550 shares in the company, valued at $1,395,214.50. This trade represents a 12.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.02% of the stock is currently owned by insiders.

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.