Zacks Research Brokers Reduce Earnings Estimates for PLAY

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) - Stock analysts at Zacks Research dropped their Q3 2027 earnings per share (EPS) estimates for Dave & Buster's Entertainment in a research note issued on Tuesday, October 21st. Zacks Research analyst Team now anticipates that the restaurant operator will post earnings per share of ($0.87) for the quarter, down from their prior forecast of ($0.76). Zacks Research currently has a "Strong Sell" rating on the stock. 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 FY2027 earnings at $0.69 EPS and Q1 2028 earnings at $0.80 EPS.

A number of other research analysts also recently commented on PLAY. Truist Financial dropped their price objective on shares of Dave & Buster's Entertainment from $27.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, September 16th. UBS Group dropped their price target on shares of Dave & Buster's Entertainment from $29.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research note on Wednesday, October 8th. Finally, Piper Sandler lowered their price target on Dave & Buster's Entertainment from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $31.33.

Dave & Buster's Entertainment Stock Down 4.8%

PLAY stock opened at $17.84 on Thursday. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.33 and a quick ratio of 0.22. The company's 50 day simple moving average is $21.33 and its 200-day simple moving average is $23.89. Dave & Buster's Entertainment has a 12 month low of $15.08 and a 12 month high of $43.73. The firm has a market capitalization of $618.51 million, a PE ratio of 52.47 and a beta of 1.97.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.60). The company had revenue of $557.40 million for the quarter, compared to analyst estimates of $565.43 million. Dave & Buster's Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The firm's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share.

Institutional Trading of Dave & Buster's Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. raised its position in shares of Dave & Buster's Entertainment by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator's stock worth $3,665,000 after purchasing an additional 637 shares during the period. Farther Finance Advisors LLC acquired a new position in Dave & Buster's Entertainment during the 2nd quarter valued at approximately $37,000. US Bancorp DE increased its position in Dave & Buster's Entertainment by 442.0% in the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock worth $27,000 after buying an additional 1,273 shares during the period. Ausdal Financial Partners Inc. lifted its stake in Dave & Buster's Entertainment by 9.0% in the second quarter. Ausdal Financial Partners Inc. now owns 25,220 shares of the restaurant operator's stock valued at $759,000 after buying an additional 2,078 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in Dave & Buster's Entertainment by 21.6% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,940 shares of the restaurant operator's stock valued at $227,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds 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.

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