Zacks Research Has Optimistic Outlook of PLAY Q1 Earnings

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) - Analysts at Zacks Research boosted their Q1 2027 earnings per share estimates for shares of Dave & Buster's Entertainment in a research note issued on Tuesday, June 24th. Zacks Research analyst R. Department now anticipates that the restaurant operator will post earnings of $0.95 per share for the quarter, up from their prior 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.

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 analysts' consensus estimates of $0.96 by ($0.20). Dave & Buster's Entertainment had a return on equity of 40.67% and a net margin of 1.83%. The business had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. During the same period last year, the firm posted $0.99 EPS. Dave & Buster's Entertainment's quarterly revenue was down 3.5% on a year-over-year basis.

PLAY has been the subject of several other research reports. Truist Financial increased their price target on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a research note on Wednesday, June 11th. BMO Capital Markets increased their price target on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, June 11th. Piper Sandler upped their target price on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. Loop Capital upped their target price on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Finally, UBS Group increased their price target on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Dave & Buster's Entertainment has a consensus rating of "Hold" and an average target price of $33.83.

Dave & Buster's Entertainment Price Performance

Shares of PLAY opened at $30.40 on Thursday. Dave & Buster's Entertainment has a 12-month low of $15.08 and a 12-month high of $43.73. The business has a 50-day simple moving average of $23.44 and a two-hundred day simple moving average of $23.72. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. The stock has a market cap of $1.05 billion, a PE ratio of 30.10 and a beta of 2.00.

Institutional Trading of Dave & Buster's Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallax Volatility Advisers L.P. increased its position in shares of Dave & Buster's Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after acquiring an additional 632 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Dave & Buster's Entertainment by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock worth $537,000 after buying an additional 728 shares during the last quarter. 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 last quarter. MetLife Investment Management LLC increased its position in Dave & Buster's Entertainment by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock worth $602,000 after buying an additional 1,479 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Dave & Buster's Entertainment in the fourth quarter worth $47,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dave & Buster's Entertainment

In related news, SVP John Mulleady sold 5,931 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly 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 SEC, which can be accessed through this link. Company 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.

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