Dave & Buster’s Entertainment (NASDAQ:PLAY) Releases Earnings Results, Misses Expectations By $0.45 EPS

Dave & Buster’s Entertainment (NASDAQ:PLAY) issued its quarterly earnings results on Monday. The restaurant operator reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.45), FiscalAI reports. The firm had revenue of $544.10 million during the quarter, compared to the consensus estimate of $556.83 million. Dave & Buster’s Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%.

Dave & Buster’s Entertainment Stock Up 4.1%

Shares of Dave & Buster’s Entertainment stock traded up $0.33 on Monday, reaching $8.47. 7,037,169 shares of the company were exchanged, compared to its average volume of 1,592,291. The company has a market capitalization of $294.66 million, a price-to-earnings ratio of -4.48 and a beta of 1.82. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 15.01. Dave & Buster’s Entertainment has a one year low of $7.94 and a one year high of $24.99. The company has a 50-day moving average of $9.91 and a 200 day moving average of $11.43.

Analysts Set New Price Targets

PLAY has been the topic of a number of recent research reports. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Citigroup assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, June 29th. They set a “market perform” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Friday, July 17th. Citizens Jmp initiated coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating on the stock. Finally, UBS Group reduced their target price on shares of Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.33.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.