Dave & Buster’s Entertainment (NASDAQ:PLAY) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Dave & Buster’s Entertainment (NASDAQ:PLAY) issued its quarterly earnings results on Monday. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05, Briefing.com reports. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm had revenue of $534.50 million for the quarter, compared to analysts’ expectations of $548.77 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis.

Dave & Buster’s Entertainment Trading Down 0.8 %

NASDAQ PLAY opened at $16.06 on Wednesday. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. Dave & Buster’s Entertainment has a 12 month low of $15.08 and a 12 month high of $64.31. The company has a 50-day moving average of $21.34 and a 200-day moving average of $28.94. The company has a market cap of $618.36 million, a P/E ratio of 7.95 and a beta of 1.86.

Analysts Set New Price Targets

Several brokerages recently weighed in on PLAY. Loop Capital decreased their price target on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. Gordon Haskett reiterated a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Truist Financial lowered their price objective on 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. BMO Capital Markets decreased their price target 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. Finally, Piper Sandler reduced their target price on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.83.

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.