At Dave & Buster’s, it’s time to let your hair down and has some good, old-fashioned fun, so get ready to let loose! The official corporate emblem of Dave & Buster’s Entertainment, Inc. (NASDAQ: PLAY) In a letter to investors sent on August 24, 2023, William Blair said that Dave & Buster’s Entertainment’s earnings per share (EPS) for the third quarter of 2023 would be lower than they had thought.
The letter was sent out on Wednesday, August 24, 2023. Before this, William Blair analyst S. Zackfia projected that the restaurant operator would make $0.21 per share; now, he thinks that the restaurant operator will earn $0.16 per share. The most current earnings prediction for the entire year for Dave & Buster’s Entertainment is $3.40 per share in profit. In recent years, there has been a rise in the number of scholarly articles published on the subject of PLAY. In a research report released on June 8, Piper Sandler increased their price objective on Dave & Buster’s Entertainment from $42.00 to $44.00. In addition, the business has assigned a rating of “neutral” to the stock. In a research note published on July 8, Dave & Buster’s Entertainment shares went from having a “buy” recommendation from Bloomberg to being given a “hold” rating instead.
This change came about as a result of the research note. Stifel Nicolaus downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report published on Tuesday, June 21. Additionally, they decreased their price objective on the stock from $45.00 to $36.00. Both of these moves were made public on the same day. In a research note issued on July 13, Truist Financial dropped their “buy” rating and their price objective for Dave & Buster’s Entertainment stock from $67.00 to $57.00.
The note was accompanied by a price target reduction of the same amount. Last but not least, BMO Capital Markets boosted their price target on Dave & Buster’s Entertainment stock from $62.00 to $66.00 in a research report that was published on Wednesday, June 8. Five analysts have given the stock a buy rating, one analyst has given the stock a strong buy recommendation, one analyst has given the stock a sell recommendation, and five other analysts have recommended that the stock be held.
The data provided by Bloomberg indicates that the current average rating for the company is “Moderate Buy” and that the price target has been established at $50.10 per share. The Recreational Activities That Can Be Participated In At Dave and Buster’s The results of the stock’s performance The road to recovery for Dave and Buster’s has been obstructed by something. NASDAQ: PLAY was first available for trading on Friday with an opening price of $43.58. The stock’s 50-day simple moving average and its 200-day simple moving average are both currently lying at $36.68 and $39.91, respectively.
The company is estimated to have a market value of $2.13 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.83, and a beta value of 1.80. The company also has a price-to-earnings-growth ratio of 0.83. The ratio of debt to equity is 1.23 to 1, the ratio of quick ratio to current ratio is 0.56 to 1, and the ratio of current ratio to quick ratio is 0.69 to 1. The lowest point in the last 52 weeks for Dave & Buster’s Entertainment was $29.60, and the highest in the last 52 weeks for the company was $52.54. The most recent earnings report for Dave & Buster’s Entertainment, which is traded under the symbol “PLAY” on the NASDAQ, was made public on June 7. The restaurant owner said they made $1.35 per share for the quarter, which was $0.19 more than analysts had predicted, which was $1.16 per share. The revenue for the quarter came in much higher than the $440.63 million that experts had predicted, coming in at $451.10 million instead.
Dave & Buster’s Entertainment had a return on equity of 56.54 percent, and the company’s net margin was 10.47 percent. The company’s quarterly sales climbed by 70.0% when measured against the results obtained during the same quarter in the preceding year. In the same period the year before, the corporation generated $0.40 per share earnings. Transactions are carried out by insiders, including both sales and acquisitions. In the not-too-distant future, Dave & Buster’s will likely experience a steep drop in its operating costs. On July 13, Chief Executive Officer Christopher Daniel Morris purchased 33,400 shares of the company’s stock. This piece of information relates to other recent happenings in the business sector. The stock purchase required a total expenditure of $1,020,003.60, which works out to a price of $30.54 per share on average.
Following the successful conclusion of the transaction, the Chief Executive Officer (CEO) was awarded direct ownership of 48,206 shares of the company’s stock, each of which has a current market value of about $1,472,211.24. The transaction notification was submitted to the Securities and Exchange Commission in the form of a filing; the filing in its full can be viewed by clicking on this link. The SEC was notified of the transaction. The current ownership of company insiders in the company’s stock amounts to 3.21%. The amount of money brought in and taken out of institutions. Recently, hedge funds and institutional investors have shown a much different interest in PLAY compared to earlier periods. To purchase a new investment in Dave & Buster’s Entertainment, AE Wealth Management LLC forked over around $792 thousand. FNY Investment Advisers LLC invested about $76,000 into Dave & Buster’s Entertainment during the first three months to increase its ownership share already held in the company. During the first quarter of the fiscal year, Everence Capital Management Inc. purchased an additional 53.7 percent of Dave & Buster’s Entertainment.
Everence Capital Management Inc. now has 9,190 of the restaurant operator’s stock, worth $450,000, thanks to purchasing 3,210 additional shares during the most recent quarter. The investment advisory firm Steward Partners boosted the percentage of Dave & Buster’s Entertainment stock they owned by 63.3% over the first three months of the year. In the last fiscal quarter, Steward Partners Investment Advisory LLC bought an additional 797 shares of the restaurant operator’s stock, bringing their total number of shares to 2,057. The value of those shares was $101,000. Additionally, during the first three months of the year, Integrated Advisors Network LLC made a new investment in Dave & Buster’s Entertainment. At the time of the investment, the company was estimated to be worth approximately $1,006,000.
The company’s shares are now held by institutional investors and hedge funds, which account for 97.24 percent of the total. Dave and Buster are in charge of providing the entertainment. Dave & Buster’s Entertainment, Inc. is the owner and operator of several restaurants and entertainment venues catering to adults and families. These restaurants and venues are located all over the world. Its locations offer a wide range of alcoholic and nonalcoholic drinks, dinners, appetizers, and a number of gaming and entertainment options. Guests can watch live sports and other broadcast events at many of its locations.
