Analysts Issue Forecasts for Dave & Buster’s Entertainment, Inc.’s FY2018 Earnings (PLAY)

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) – Equities researchers at SunTrust Banks upped their FY2018 EPS estimates for Dave & Buster’s Entertainment in a research note issued on Friday. SunTrust Banks analyst J. Bartlett now forecasts that the brokerage will earn $2.44 per share for the year, up from their previous estimate of $2.43. SunTrust Banks currently has a “Buy” rating and a $68.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity restated a “buy” rating and set a $60.00 target price on shares of Dave & Buster’s Entertainment in a research note on Sunday, January 8th. Jefferies Group LLC reiterated a “buy” rating on shares of Dave & Buster’s Entertainment in a report on Friday, January 6th. Finally, Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Friday, December 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Dave & Buster’s Entertainment currently has an average rating of “Buy” and an average price target of $54.19.

Earnings History and Estimates for Dave & Buster`s Entertainment (NASDAQ:PLAY)

COPYRIGHT VIOLATION NOTICE: “Analysts Issue Forecasts for Dave & Buster’s Entertainment, Inc.’s FY2018 Earnings (PLAY)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark laws. The correct version of this report can be read at http://sleekmoney.com/analysts-issue-forecasts-for-dave-busters-entertainment-inc-s-fy2018-earnings-play/1657947.html.

Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) opened at 57.24 on Monday. The company’s 50-day moving average price is $55.23 and its 200 day moving average price is $47.06. The company has a market cap of $2.41 billion, a P/E ratio of 28.65 and a beta of 0.71. Dave & Buster’s Entertainment has a 52 week low of $31.42 and a 52 week high of $58.25.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, December 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.11. Dave & Buster’s Entertainment had a return on equity of 22.15% and a net margin of 8.91%. The firm earned $228.70 million during the quarter, compared to the consensus estimate of $216.74 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year.

In other Dave & Buster’s Entertainment news, CFO Brian Jenkins sold 52,500 shares of the stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $56.38, for a total transaction of $2,959,950.00. Following the completion of the sale, the chief financial officer now directly owns 1 shares in the company, valued at approximately $56.38. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michael Joseph Metzinger sold 14,003 shares of the stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $56.68, for a total value of $793,690.04. Following the sale, the vice president now owns 2,966 shares of the company’s stock, valued at $168,112.88. The disclosure for this sale can be found here. Insiders sold 230,503 shares of company stock valued at $12,890,560 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Analysts Issue Forecasts for Dave & Buster’s Entertainment, Inc.’s FY2018 Earnings (PLAY)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark laws. The correct version of this report can be read at http://sleekmoney.com/analysts-issue-forecasts-for-dave-busters-entertainment-inc-s-fy2018-earnings-play/1657947.html.

Several institutional investors have recently added to or reduced their stakes in PLAY. Columbus Circle Investors boosted its position in Dave & Buster’s Entertainment by 11.2% in the second quarter. Columbus Circle Investors now owns 716,239 shares of the company’s stock worth $33,513,000 after buying an additional 72,220 shares during the period. Emerald Acquisition Ltd. bought a new position in Dave & Buster’s Entertainment during the second quarter worth about $414,000. Airain ltd boosted its position in Dave & Buster’s Entertainment by 167.4% in the second quarter. Airain ltd now owns 64,616 shares of the company’s stock worth $3,023,000 after buying an additional 40,455 shares during the period. JPMorgan Chase & Co. boosted its position in Dave & Buster’s Entertainment by 202.4% in the second quarter. JPMorgan Chase & Co. now owns 27,812 shares of the company’s stock worth $1,301,000 after buying an additional 18,615 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in Dave & Buster’s Entertainment by 14.1% in the second quarter. Teacher Retirement System of Texas now owns 4,340 shares of the company’s stock worth $203,000 after buying an additional 535 shares during the period.

5 Day Chart for NASDAQ:PLAY

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/analysts-issue-forecasts-for-dave-busters-entertainment-inc-s-fy2018-earnings-play/1657947.html

Receive News & Ratings for Dave & Buster's Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *