39.58 +0.17 (0.44%)
After hours: 4:11PM EST
|Bid||39.02 x 800|
|Ask||39.61 x 800|
|Day's Range||39.04 - 41.00|
|52 Week Range||37.20 - 59.60|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||12.99|
|Earnings Date||Dec 10, 2019|
|Forward Dividend & Yield||0.64 (1.66%)|
|1y Target Est||44.73|
Dave & Buster's (PLAY) unique business model, various sales-boosting initiatives and continual expansion strategies are encouraging amid a high-cost environment.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Dave & Buster's (PLAY) top line in third-quarter fiscal 2019 gains from solid Amusements and Other revenues as well as Food and Beverage revenues.
DALLAS, Dec. 10, 2019 -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining.
Stocks wavered on Tuesday, as reports signaled that the U.S. may not apply new tariffs on China on December 15th. Still, equities were mixed as a bevy of headlines continue to hit the wires. Let's look at a few top stock trades in the meantime. Top Stock Trades for Tomorrow No. 1: Canopy Growth (CGC)Source: Chart courtesy of StockCharts.comWe've looked at the daily charts a number of times for Canopy Growth (NYSE:CGC). Let's look at a weekly one instead.Investors can see how $15 played a vital role during last month's meltdown, just as the 200-week moving average is now playing a role as resistance. $22.50 has also acted as a ceiling on CGC.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOn the plus side, shares are above the 10-week moving average and downtrend resistance (blue line), the latter of which has been in play since summer. * 10 Best-Performing Growth Stocks of the 2010s So what now? I'd love to see a move over $22.50, which could trigger a longer-term breakout. On the downside, let's see if shares can stay above $17.50. Moving below that level puts the $15 level back on watch. Top Stock Trades for Tomorrow No. 2: Dave & Buster's (PLAY)Source: Chart courtesy of StockCharts.comI'm also using a weekly chart for Dave & Buster's (NASDAQ:PLAY). After getting hammered from $50 down to $40 in June, shares have been consolidating between $37.50 and $42.50.That's a relatively tight range, but it also sets up an excellent trading scenario. Over $42.50 opens the door to PLAY's major moving averages, between $45 and $48. Above the latter and downtrend resistance (blue line) near $52 is in play.On the downside, a move below $37.50 could send shares down into no man's land. There's a multi-year low down near $29, with a Fibonacci extension near $32. Top Stock Trades for Tomorrow No. 3: MongoDB (MDB)Source: Chart courtesy of StockCharts.comMongoDB (NASDAQ:MDB) shares were initially higher after reporting earnings, but those morning gains have since evaporated. In fact, the price action has turned rather ugly on Tuesday.The stock opened at $144.77, ticked higher by three cents, then plunged lower throughout the session. In doing so, MDB knifed right through its 20-day, 50-day and 200-day moving averages.It's really not a good look.Now, shares face the backside of prior downtrend resistance. If it holds as support, see if MDB can reclaim its major moving averages on the upside. If it can, it puts $145-plus back on the table.Should support fail to hold, look for a possible test of $115. That area was clear support in September and October. Below there, MDB could fill its gap down toward $105. Top Stock Trades for Tomorrow No. 4: Peloton (PTON)Source: Chart courtesy of StockCharts.comPeloton (NASDAQ:PTON) just can't seem to stay out of the news. This time, it's as Citron takes a swing at the stock, assigning a 2020 price target of $5.For now, PTON continues to put in higher lows (blue line), while struggling with $35. Above $35 could trigger a breakout to $37, where it faces its former highs. Above that and $40 is on the table.Below uptrend support and the 20-day moving average will be bulls' next line of defense. Below that and the $29 IPO price is on the table. Top Stock Trades for Tomorrow No. 5: GameStop (GME)Source: Chart courtesy of StockCharts.comGameStop (NYSE:GME) has really struggled this year, but the damage was a lot worse in August when shares hit a low of $3.15.The company will report earnings on Tuesday after the close. Ahead of the results, shares are struggling with the 200-day moving average, while maintaining above the 50-day moving average.The setup now is simple: Moving over the 200-day moving average could squeeze shares up toward $7.75 to try and fill the June gap. A move below the 50-day at $5.89 could send shares to $5, a pivotal level over the last six months.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best-Performing Growth Stocks of the 2010s * 10 Stocks With Little or No Debt to Own for the Next 50 Years * 5 Restaurant Stocks Dominating Holiday Season Foot Traffic The post 5 Top Stock Trades for Wednesday: CGC, PLAY, MDB appeared first on InvestorPlace.
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Dave & Buster's (PLAY) third-quarter fiscal 2019 results are likely to reflect solid sales-building initiatives and consistent expansion plans.
Dave & Buster's (PLAY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 135 venues in North America that combine entertainment and dining and offer customers the opportunity to "Eat Drink Play and Watch," all in one location. Dave & Buster's offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events.
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