Zacks Research Has Optimistic Outlook of PLAY Q1 Earnings

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities research analysts at Zacks Research raised their Q1 2027 earnings per share estimates for Dave & Buster’s Entertainment in a note issued to investors 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 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.

Several other equities research analysts have also issued reports on PLAY. Piper Sandler lifted their price target on Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 11th. UBS Group lifted their price objective 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. Loop Capital lifted their price objective on 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 boosted their price target on Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, June 11th. Finally, BMO Capital Markets lifted their price objective on Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, June 11th. One equities research 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.83.

Dave & Buster’s Entertainment Trading Down 4.6%

Shares of PLAY stock opened at $30.40 on Thursday. 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 business has a 50-day moving average price of $23.44 and a two-hundred day moving average price of $23.72. Dave & Buster’s Entertainment has a 12-month low of $15.08 and a 12-month high of $43.73. The firm has a market cap of $1.05 billion, a P/E ratio of 30.10 and a beta of 2.00.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). Dave & Buster’s Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The business had revenue of $567.70 million for the quarter, compared to the consensus estimate of $572.12 million. During the same period in the prior year, the business posted $0.99 EPS. Dave & Buster’s Entertainment’s quarterly revenue was down 3.5% on a year-over-year basis.

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. Rhumbline Advisers lifted its holdings in shares of Dave & Buster’s Entertainment by 3.9% during the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator’s stock valued at $2,880,000 after buying an additional 3,730 shares during the period. Principal Financial Group Inc. raised its holdings in Dave & Buster’s Entertainment by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after purchasing an additional 3,494 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Dave & Buster’s Entertainment by 34.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator’s stock valued at $662,000 after acquiring an additional 5,854 shares during the period. NewEdge Wealth LLC raised its holdings in Dave & Buster’s Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after acquiring an additional 85,820 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at about $47,000. 91.45% of the stock is owned by institutional investors.

Insider Transactions at Dave & Buster’s Entertainment

In related news, SVP John Mulleady sold 5,931 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total value of $194,477.49. Following the transaction, the senior vice president now directly owns 42,550 shares of the company’s stock, valued at approximately $1,395,214.50. This represents a 12.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.