Zacks Research Issues Negative Forecast for PLAY Earnings

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Free Report) - Zacks Research cut their Q1 2027 earnings per share (EPS) estimates for shares of Dave & Buster's Entertainment in a report issued on Monday, September 29th. Zacks Research analyst Team now expects that the restaurant operator will post earnings of $0.78 per share for the quarter, down from their previous estimate of $0.95. Zacks Research 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 Q1 2028 earnings at $0.81 EPS.

Other research analysts have also recently issued reports about the company. Loop Capital upped their price objective on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. BMO Capital Markets upped their price target on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 11th. Truist Financial decreased their price target on Dave & Buster's Entertainment from $27.00 to $22.00 and set a "hold" rating on the stock in a research note on Tuesday, September 16th. Piper Sandler decreased their price target on Dave & Buster's Entertainment from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 16th. Finally, UBS Group decreased their price target on Dave & Buster's Entertainment from $29.00 to $25.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $31.33.

Dave & Buster's Entertainment Trading Down 1.4%

PLAY opened at $18.99 on Tuesday. Dave & Buster's Entertainment has a one year low of $15.08 and a one year high of $43.73. The stock has a market capitalization of $658.38 million, a PE ratio of 55.85 and a beta of 2.04. The business's 50 day moving average price is $24.90 and its 200 day moving average price is $24.06. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.22 and a current ratio of 0.33.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its earnings results 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 business had revenue of $557.40 million during the quarter, compared to analysts' expectations of $565.43 million. Dave & Buster's Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The company's revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.99 earnings per share.

Hedge Funds Weigh In On Dave & Buster's Entertainment

Several large investors have recently bought and sold shares of the business. Clearline Capital LP increased its holdings in Dave & Buster's Entertainment by 17.7% in the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator's stock valued at $23,706,000 after buying an additional 203,012 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Dave & Buster's Entertainment by 99.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator's stock valued at $30,067,000 after buying an additional 499,412 shares during the last quarter. Boston Partners increased its holdings in Dave & Buster's Entertainment by 1.9% in the first quarter. Boston Partners now owns 578,639 shares of the restaurant operator's stock valued at $10,169,000 after buying an additional 10,905 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Dave & Buster's Entertainment by 9.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator's stock valued at $9,081,000 after buying an additional 44,911 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Dave & Buster's Entertainment by 147.1% in the second quarter. JPMorgan Chase & Co. now owns 329,008 shares of the restaurant operator's stock valued at $9,897,000 after buying an additional 195,834 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company's stock.

Insider Buying and Selling at Dave & Buster's Entertainment

In related news, CEO Tarun Lal acquired 8,060 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were acquired at an average price of $31.26 per share, with a total value of $251,955.60. Following the completion of the transaction, the chief executive officer owned 8,060 shares of the company's stock, valued at $251,955.60. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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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