Dave & Buster's Entertainment Inc. (PLAY)
Dave & Buster's (PLAY) Down 34% in Past 3 Months: Here's Why
The growth prospects of Dave & Buster's (PLAY) suffer due to declining comps on the back of weather-related risks, inflationary risks and macroeconomic uncertainties.
Stock Market Today: Stocks Mixed on Rate Outlook, Inflation Data
Equities struggled for direction as traders tried to reconcile the Fed's new policy timeline with the latest Producer Price Index.
Dave & Buster's (PLAY) Q1 Earnings Miss Estimates, Stock Down
Dave & Buster's (PLAY) fiscal first-quarter revenues suffer due to unfavorable weather conditions and economic difficulties in the lower-income demographics.
Trade of the Day: Place a Contrarian Bet on Dave & Buster's (PLAY) Stock
Earnings reports can yield unpredictable results, with restaurant and entertainment company Dave & Buster's Entertainment (NASDAQ: PLAY ) providing the latest example. Heading into the disclosure for the first quarter of 2024, PLAY stock benefited from the enthusiasm tied to the post-pandemic recovery narrative.
Dave & Buster's Entertainment, Inc. (PLAY) Q1 2024 Earnings Call Transcript
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY ) Q1 2024 Earnings Conference Call June 12, 2024 5:00 PM ET Company Participants Cory Hatton - VP of IR & Treasurer Chris Morris - CEO Michael Quartieri - CFO Conference Call Participants Jake Bartlett - Truist Securities Sharon Zackfia - William Blair Andrew Strelzik - BMO Dennis Geiger - UBS Brian Vaccaro - Raymond James Operator Good day and welcome to the Dave & Buster's First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Dave & Buster's (PLAY) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Dave & Buster's (PLAY) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Dave & Buster's (PLAY) Misses Q1 Earnings and Revenue Estimates
Dave & Buster's (PLAY) came out with quarterly earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $1.45 per share a year ago.
What's in Store for Dave & Buster's (PLAY) in Q1 Earnings?
Dave & Buster's (PLAY) fiscal first-quarter performance is likely to have benefited from store expansions, a new games pricing strategy and enhanced Food and Beverage offerings.
Dave & Buster's (PLAY) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Dave & Buster's (PLAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dave & Buster's (PLAY) Stock up 51% in a Year: More Upside Left?
Dave & Buster's (PLAY) increased focus on store remodel program and cost-saving measures bode well. However, an uncertain macroeconomic environment is a concern.
Swiss National Bank Sells 8,300 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)
Swiss National Bank decreased its holdings in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Free Report) by 10.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 71,973 shares of the restaurant operator’s stock after selling 8,300 shares during the period. Swiss National Bank owned approximately 0.18% of Dave & Buster’s Entertainment worth $3,876,000 at the end of the most recent reporting period. A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Dave & Buster’s Entertainment by 2.7% in the third quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock valued at $166,166,000 after purchasing an additional 116,402 shares during the last quarter. Eminence Capital LP raised its position in shares of Dave & Buster’s Entertainment by 331.4% in the 3rd quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock valued at $134,766,000 after acquiring an additional 2,792,780 shares during the period. Nomura Holdings Inc. raised its position in shares of Dave & Buster’s Entertainment by 1.8% in the 3rd quarter. Nomura Holdings Inc. now owns 2,492,571 shares of the restaurant operator’s stock valued at $92,400,000 after acquiring an additional 43,621 shares during the period. American Century Companies Inc. grew its holdings in Dave & Buster’s Entertainment by 7.0% during the third quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock valued at $74,971,000 after purchasing an additional 132,460 shares during the period. Finally, FMR LLC increased its stake in Dave & Buster’s Entertainment by 14.8% in the third quarter. FMR LLC now owns 228,616 shares of the restaurant operator’s stock valued at $8,475,000 after purchasing an additional 29,448 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock. Insider Activity In related news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the transaction, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares in the company, valued at approximately $3,803,848.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the sale, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders. Analyst Ratings Changes A number of equities analysts have recently weighed in on PLAY shares. UBS Group lifted their price target on shares of Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Monday, March 25th. Truist Financial increased their target price on Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group lifted their price target on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.21. Check Out Our Latest Stock Analysis on PLAY Dave & Buster’s Entertainment Price Performance Shares of PLAY opened at $52.80 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 5.11. Dave & Buster’s Entertainment Inc has a twelve month low of $31.65 and a twelve month high of $69.82. The stock has a market capitalization of $2.13 billion, a P/E ratio of 18.79 and a beta of 2.08. The company has a 50 day moving average of $57.97 and a 200-day moving average of $53.00. Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Free Report) last released its earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). Dave & Buster’s Entertainment had a net margin of 5.76% and a return on equity of 53.96%. The business had revenue of $599.10 million during the quarter, compared to the consensus estimate of $603.41 million. As a group, equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 3.89 EPS for the current fiscal year. Dave & Buster’s Entertainment Company Profile (Free Report) 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.
