Dave & Buster’s Entertainment (NASDAQ:PLAY) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Dave & Buster’s Entertainment (NASDAQ:PLAY) released its quarterly earnings data on Monday. The restaurant operator reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01), Briefing.com reports. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company had revenue of $534.50 million for the quarter, compared to analysts’ expectations of $548.77 million. During the same period last year, the company posted $0.88 EPS. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year.

Dave & Buster’s Entertainment Stock Down 3.8 %

Dave & Buster’s Entertainment stock traded down $0.64 during mid-day trading on Monday, reaching $16.19. The stock had a trading volume of 3,095,260 shares, compared to its average volume of 1,466,108. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The company has a market capitalization of $623.36 million, a price-to-earnings ratio of 8.01 and a beta of 1.86. Dave & Buster’s Entertainment has a one year low of $15.08 and a one year high of $65.38. The company has a 50-day moving average price of $22.02 and a two-hundred day moving average price of $29.26.

Wall Street Analyst Weigh In

PLAY has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Gordon Haskett reiterated a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus price target of $40.60.

About Dave & Buster’s Entertainment

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.