PLAY Stock Earnings Estimates Decreased by Zacks Research

Key Points

• Zacks Research cut Dave & Buster’s Q1 2028 EPS estimate to $0.23 from $0.34 and maintains a “Hold” rating. Analysts’ average rating is also “Hold,” with an average price target of $17.33.
• The stock opened at $6.41, near its 52-week low of $6.38, after the company reported a quarterly loss of $0.27 per share versus expectations for earnings of $0.19. Revenue fell 2.4% year over year to $544.1 million, below estimates.
• Company insiders recently bought shares, including the CFO’s $26,000 purchase and a director’s $81,360 purchase, while institutional investors own 91.45% of the stock.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) - Investment analysts at Zacks Research lowered their Q1 2028 EPS estimates for Dave & Buster's Entertainment in a research note issued on Monday, September 28th. Zacks Research analyst Team now expects that the restaurant operator will post earnings of $0.23 per share for the quarter, down from their previous forecast of $0.34. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Dave & Buster's Entertainment's current full-year earnings is ($1.38) per share.

Several other research analysts have also recently issued reports on the company. UBS Group dropped their target price on Dave & Buster's Entertainment from $12.00 to $9.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 15th. Citizens Jmp began coverage on shares of Dave & Buster's Entertainment in a research note on Monday, June 29th. They issued a "market perform" rating on the stock. Weiss Ratings reissued a "sell (d)" rating on shares of Dave & Buster's Entertainment in a report on Friday, July 17th. BMO Capital Markets cut their target price on shares of Dave & Buster's Entertainment from $22.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, September 15th. Finally, Citigroup reaffirmed a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Tuesday, September 15th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.33.

Dave & Buster's Entertainment Stock Down 3.2%

Dave & Buster's Entertainment stock opened at $6.41 on Tuesday. Dave & Buster's Entertainment has a one year low of $6.38 and a one year high of $22.10. The stock has a fifty day moving average of $9.17 and a 200 day moving average of $10.84. The company has a debt-to-equity ratio of 17.07, a quick ratio of 0.21 and a current ratio of 0.30. The stock has a market cap of $223.26 million, a PE ratio of -2.49 and a beta of 1.82.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings results on Monday, September 14th. The restaurant operator reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.46). Dave & Buster's Entertainment had a negative net margin of 4.26% and a negative return on equity of 51.87%. The firm had revenue of $544.10 million for the quarter, compared to the consensus estimate of $556.83 million. During the same period in the previous year, the company earned $0.32 earnings per share. Dave & Buster's Entertainment's quarterly revenue was down 2.4% compared to the same quarter last year.

Insider Activity at Dave & Buster's Entertainment

In other news, CFO Cory Hatton purchased 4,000 shares of the company's stock in a transaction on Monday, September 28th. The stock was acquired at an average cost of $6.50 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the chief financial officer directly owned 104,475 shares in the company, valued at $679,087.50. This trade represents a 3.98% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Nathaniel Lipman acquired 12,000 shares of Dave & Buster's Entertainment stock in a transaction dated Thursday, September 17th. The stock was purchased at an average cost of $6.78 per share, with a total value of $81,360.00. Following the completion of the purchase, the director owned 30,715 shares of the company's stock, valued at approximately $208,247.70. This represents a 64.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.73% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in Dave & Buster's Entertainment during the second quarter valued at about $182,000. Engineers Gate Manager LP boosted its stake in shares of Dave & Buster's Entertainment by 200.7% in the second quarter. Engineers Gate Manager LP now owns 537,254 shares of the restaurant operator's stock worth $6,125,000 after acquiring an additional 358,588 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Dave & Buster's Entertainment by 289.7% in the second quarter. Squarepoint Ops LLC now owns 131,168 shares of the restaurant operator's stock worth $1,495,000 after acquiring an additional 97,507 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Dave & Buster's Entertainment during the second quarter worth about $141,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Dave & Buster's Entertainment during the second quarter worth about $353,000. Institutional investors own 91.45% of the company's stock.

About Dave & Buster's Entertainment

Dave & Buster's Entertainment, Inc NASDAQ: PLAY is an entertainment and dining company that operates venues combining arcade games, sports viewing, food and beverages, and social experiences. Its Dave & Buster's locations are designed for adults and families and offer interactive games, prize redemption, casual dining, full-service bars, and space for group events and parties.

The company also operates Main Event, a family entertainment brand offering bowling, arcade games, laser tag, virtual reality attractions, and food and beverages.

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