Zacks Research Issues Optimistic Forecast for PLAY Earnings

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) - Investment analysts at Zacks Research lifted their Q1 2027 earnings estimates for Dave & Buster's Entertainment in a report released on Tuesday, June 24th. Zacks Research analyst R. Department now expects that the restaurant operator will post earnings per share of $0.95 for the quarter, up from their previous forecast 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.

Several other research firms have also recently commented on PLAY. Loop Capital raised their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Truist Financial raised their price target on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a report on Wednesday, June 11th. UBS Group raised 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 report on Wednesday, June 11th. BMO Capital Markets raised their price target on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 11th. Finally, Piper Sandler raised their price target on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Dave & Buster's Entertainment presently has an average rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Stock Down 0.1%

Shares of PLAY stock traded down $0.03 during trading on Thursday, hitting $30.45. 1,557,342 shares of the company were exchanged, compared to its average volume of 1,440,756. 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 firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 30.15 and a beta of 2.00. The business's 50-day simple moving average is $23.86 and its 200 day simple moving average is $23.59. Dave & Buster's Entertainment has a twelve month low of $15.08 and a twelve month high of $43.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted 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 company had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. Dave & Buster's Entertainment had a return on equity of 40.67% and a net margin of 1.83%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share.

Hedge Funds Weigh In On Dave & Buster's Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLAY. Clearline Capital LP raised its position in Dave & Buster's Entertainment by 1,768.8% during the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator's stock valued at $33,458,000 after acquiring an additional 1,084,890 shares in the last quarter. Patient Capital Management LLC raised its position in shares of Dave & Buster's Entertainment by 36.6% in the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock valued at $51,878,000 after purchasing an additional 476,662 shares during the period. Boston Partners raised its position in shares of Dave & Buster's Entertainment by 132.5% in the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after purchasing an additional 323,595 shares during the period. Woodline Partners LP bought a new position in shares of Dave & Buster's Entertainment in the fourth quarter valued at approximately $6,702,000. Finally, ExodusPoint Capital Management LP raised its position in shares of Dave & Buster's Entertainment by 2,306.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 225,100 shares of the restaurant operator's stock valued at $6,571,000 after purchasing an additional 215,746 shares during the period. Institutional investors own 91.45% of the company's stock.

Insider Activity at Dave & Buster's Entertainment

In related news, SVP John Mulleady sold 5,931 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were 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 of the company's stock, valued at approximately $1,395,214.50. This trade represents a 12.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.02% 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.