Dave & Buster's Entertainment (NASDAQ:PLAY) Announces Quarterly Earnings Results

Key Points

• Dave & Buster’s missed quarterly expectations: The company reported a loss of $0.27 per share versus the consensus estimate of $0.18 in earnings, while revenue totaled $544.10 million, below forecasts of $556.83 million.
• Shares remained under pressure: PLAY traded at $8.47, near its 12-month low of $7.94, with the stock’s 50-day and 200-day moving averages at $9.91 and $11.43, respectively.
• Analyst sentiment is cautious: The stock has an overall “Hold” rating, with two Buy ratings, six Holds and one Sell; the average analyst price target is $19.33.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) issued its quarterly earnings data on Monday. The restaurant operator reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.45), FiscalAI reports. Dave & Buster's Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The company had revenue of $544.10 million for the quarter, compared to analyst estimates of $556.83 million.

Dave & Buster's Entertainment Stock Performance

Shares of NASDAQ:PLAY traded up $0.33 on Monday, reaching $8.47. 6,412,020 shares of the company's stock were exchanged, compared to its average volume of 1,581,210. The company has a fifty day moving average of $9.91 and a 200-day moving average of $11.43. Dave & Buster's Entertainment has a twelve month low of $7.94 and a twelve month high of $24.99. The company has a market capitalization of $294.66 million, a price-to-earnings ratio of -4.48 and a beta of 1.82. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 15.01.

Wall Street Analysts Forecast Growth

PLAY has been the topic of a number of recent research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research note on Friday, July 17th. Zacks Research upgraded Dave & Buster's Entertainment from a "strong sell" rating to a "hold" rating in a research note on Friday, August 28th. BMO Capital Markets reduced their price target on Dave & Buster's Entertainment from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, June 16th. Citizens Jmp initiated coverage on Dave & Buster's Entertainment in a report on Monday, June 29th. They issued a "market perform" rating on the stock. Finally, Citigroup started coverage on Dave & Buster's Entertainment in a research report on Monday, June 29th. They set a "market perform" rating on the stock. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $19.33.

Dave & Buster's Entertainment Company Profile

Dave & Buster's Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.

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