PLAY - Dave & Buster's Entertainment, Inc.
40.58 0.00 (0.00%)
After hours: 5:04PM EDT
| Previous Close | 41.33 |
| Open | 41.31 |
| Bid | 40.52 x 900 |
| Ask | 40.99 x 800 |
| Day's Range | 40.55 - 41.31 |
| 52 Week Range | 38.76 - 67.05 |
| Volume | 767,937 |
| Avg. Volume | 1,422,906 |
| Market Cap | 1.476B |
| Beta (3Y Monthly) | 1.12 |
| PE Ratio (TTM) | 13.56 |
| EPS (TTM) | 2.99 |
| Earnings Date | Sep 12, 2019 - Sep 16, 2019 |
| Forward Dividend & Yield | 0.60 (1.46%) |
| Ex-Dividend Date | 2019-06-24 |
| 1y Target Est | 50.64 |
- Zacks•yesterday
Is Dave & Buster's (PLAY) A Great Pick for Value Investors?
Is Dave & Buster's Holdings (PLAY) a great pick from the value investor's perspective right now? Read on to know more.
- Motley Fool•3 days ago
3 Top Restaurant Stocks to Buy in July
Sick of paying for takeout? Let these three restaurants pay you instead!
- Motley Fool•4 days ago
As Its Public Return Nears, Chuck E. Cheese Posts a Fifth Straight Quarter of Gains
Growth is slowing for the chain's owner, though the summer school break may provide new opportunities.
- GlobeNewswire•4 days ago
Dave & Buster’s Announces Additional Share Repurchase Authorization of $200 million
Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced an increase in share repurchase authorization. On July 12th, 2019, the company’s board of directors authorized the repurchase of an additional $200 million of the company’s stock under the existing repurchase program through the end of fiscal 2020. All other terms of the share repurchase program remain in effect.
- Zacks•5 days ago
Why Is Dave & Buster's (PLAY) Down 0.9% Since Last Earnings Report?
Dave & Buster's (PLAY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Simply Wall St.•7 days ago
Does Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Have A Place In Your Dividend Portfolio?
Is Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) a good dividend stock? How can we tell? Dividend paying companies...
- Thomson Reuters StreetEvents•13 days ago
Edited Transcript of PLAY earnings conference call or presentation 11-Jun-19 9:00pm GMT
Q1 2019 Dave & Buster's Entertainment Inc Earnings Call
- TheStreet.com•18 days ago
Dave & Buster's Stock Price Could Be Cut in Half From Here
It never moved above $54 and the the Point and Figure chart had a downside price target of $46. In the updated daily bar chart of PLAY, below, shows a big downside price gap with heavy volume. Prices are trying to stabilize but the daily On-Balance-Volume (OBV) line is still weak suggesting that sellers of PLAY are still more aggressive.
- American City Business Journals•18 days ago
Unicorp inks $16M+ land deal with Disney
One of Orlando's most active developers has inked a pair of land deals totaling roughly 25 acres with theme park giant Walt Disney Co. Orlando-based Unicorp National Developments Inc. bought roughly 5 acres in Celebration and 18 acres in Horizon West for more than $16 million combined, or $695,652 per acre, Unicorp President Chuck Whittall told Orlando Business Journal. Burbank, California-based Disney (NYSE: DIS) confirmed the transaction but didn't comment. In Celebration, Unicorp plans to build a $125 million, mixed-use development with more than a half dozen tenants, including Dallas-based Dave & Buster's Entertainment Inc. (Nasdaq: PLAY).
- Zacks•18 days ago
Dave & Buster's Rides on Entertainment Business, Costs Ail
Dave & Buster's (PLAY) unique business model and various sales-boosting initiatives along with continual expansion plans are expected to drive growth despite high costs.
- Motley Fool•27 days ago
What Dave & Buster's Wants Investors to Know
The entertainment chain recently lowered its sales growth outlook for 2019.
- Motley Fool•28 days ago
Why Dave & Buster's Miss by a Penny on Profits Got a Big Reaction
It's not just about the expectations game, but that sure didn't help.
- Benzinga•29 days ago
Bulls And Bears Of The Week: Lennar, Dave & Buster's, Broadcom And More
Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included a company riding low interest rates and a strong homebuilding trend, and a semiconductor stock bucking an otherwise rough trend for the industry. Bearish calls included a restaurant where you can play Skeeball, and negative bet on a couple casino stocks.
- Motley Fool•last month
Why Dave & Buster's Stock Made a Big Move, and Tesla Stock Didn't
The restaurant's slide was way out of proportion to its earnings miss. The automaker's wiggle reflects trust issues.
- GlobeNewswire•last month
Dave & Buster’s Declares Quarterly Cash Dividend of $0.15 Per Share
Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced that the Company’s Board of Directors has declared a quarterly cash dividend of $0.15 per common share, payable on July 10, 2019 to shareholders of record on June 25, 2019. Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 128 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. Dave & Buster's currently has stores in 39 states, Puerto Rico, and Canada.
- Benzinga•last month
Wall Street Sours On Dave & Buster's
Wells Fargo analyst Jon Tower lowered his rating from Outperform to Market Perform after earnings, saying his confidence is lowered in the company’s ability to sustainably drive same store sales growth without additional margin erosion. “Further, while we believe the company’s strategy to drive new store growth vs. focusing the majority of its energy on same store sales growth is ultimately the proper business decision, we believe that public equity investors will continue to not recognize this value driver without the two engines firing simultaneously,” said Tower. BMO analyst Andrew Strelzik said in a new analyst note that while he recognizes the stock is unlikely to gain traction in the near term, he is maintaining an Outperform rating "as new guidance appears achievable." The analyst did lower his price target from $66 to $55.
- InvestorPlace•last month
Dave & Buster’s Is Coming Back, so Buy the Dip in PLAY Stock
Shares of Dave & Buster's (NASDAQ:PLAY) dropped sharply in mid-June after the arcade and themed dining owner reported first-quarter numbers that fell well short of expectations. At the same time, management reduced its full-year revenue and profit guides. Investors were disappointed. PLAY stock dropped more than 20%.Source: Shutterstock This big sell-off, though, is overdone, and with PLAY stock hovering around $40, the medium- to long-term bull thesis looks very compelling here.To be sure, the first quarter numbers weren't good. Comparable sales growth was negative. Revenue growth dropped below 10% for the first time in a long while. Margins compressed meaningfully. Profits growth came in at a multi-quarter low.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Quality Cheap Stocks to Buy With $10 But, if you zoom out, the long term trends here remain favorable. The shift towards an experience economy resonates well for Dave & Buster's comparable sales growth going forward.The unit growth trajectory remains favorable, and Dave & Buster's still projects to grow its unit base by 10% per year over the next several years. Margin compression is moderating and margins should ultimately stabilize.All in all, then, while the near term trends are negative, the long term trends are still positive. Against that backdrop, PLAY stock is trading at its cheapest valuation in recent memory. That combination ultimately paves the way for a huge rebound rally in PLAY stock over the next several months. The Near Term Is UglyThe situation at Dave & Buster's can broadly be summed up in one phrase: it's ugly right now, but it's pretty in the big picture.Right now, things are ugly for the themed dining restaurant and arcade. Comparable sales dropped 0.3% in the quarter, on top of a 4.9% drop last year, so comps are down more than 5% on a two-year basis. That's not good.Further, comps are expected to drop 0.5% this year, versus a 1.6% drop last year, so down more than 2% on a two year basis. That's not good, either. At the same time, margins are compressing, as the adjusted EBITDA margin has fallen by more than 100 basis points year-over-year for three straight quarters.The net result? Profit growth is being muted. A few years back, this was a consistent 20%-plus profit grower. Last quarter, D&B reported just 8.8% profit growth. The Long Term Is PrettyBut, if you zoom out, things are still pretty in the big picture.Most importantly, the experience economy continues to gain mainstream traction, and consumers are increasingly upping spend on experiences.This pivot towards experience-focused consumption benefits Dave & Buster's, since going to D&B is broadly seen by consumers as a fun experience that combines dining and gaming for a fun night out.That's why D&B comps were up 7.3% in 2014, 8.9% in 2015, and 3.3% in 2016. Comps did fall flat in 2017, and have retreated ever since, but that appears to just be normalization after a red hot streak in the middle of the decade.As the laps get easier, the comparable sales growth trend will improve, because the company is aligned with the secular shift towards an experience economy.Further, Dave & Buster's still only operates 127 stores. Management thinks the long term opportunity is 230 to 250 stores. Thus, this company can and will continue to grow its store base by 10% per year for the next several years.Meanwhile, margins are falling, but by less and less each quarter, so margin stabilization seems to be coming in the near future. Once comps improve, margins should improve, too.Overall, then, while negative comps and margin compression is the norm today, it won't be the norm forever. The long term norm here is positive comps and stable margins. D&B will get back to that soon, and when they do, PLAY will rally in a big way. Dave & Buster's Stock Has Big Upside PotentialFollowing the huge post-earnings slide, PLAY now trades at its cheapest valuation in recent memory with a mere 13-times forward earnings multiple.That's dirt cheap for the restaurant sector. The average forward earnings multiple in the restaurant sector is 25. McDonald's (NYSE:MCD) trades at 25-times forward earnings. Yum (NYSE:YUM) trades at 28-times forward earnings. Jack in the Box (NASDAQ:JACK) trades at 20-times forward earnings.More importantly, this valuation discrepancy has nothing to do with growth potential. The average long term earnings growth rate across the restaurant sector is just over 10%. Dave & Buster's will drive 10% unit growth alone over the next several years.Assuming comps come back into slightly positive territory and margins stabilize, that 10% unit growth will produce profit growth well in excess of 10%.Thus, Dave & Buster's has a bigger forward growth trajectory than the average restaurant company, and yet PLAY trades at a huge discount to the average restaurant stock.This disconnect makes no sense and won't last forever. But, while it does last, investors should take advantage of it. This stock has tremendous upside potential from here in the medium to long term. Bottom Line on PLAY StockDave & Buster's had a bad quarter. But, the long term growth trajectory here remains favorable. As such, with PLAY stock plunging and trading at its cheapest valuation in recent memory, now seems like a good time to take advantage of near term weakness.In the medium to long term, PLAY stock will head considerably higher from here.As of this writing, Luke Lango was long PLAY and MCD. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Dave & Buster's Is Coming Back, so Buy the Dip in PLAY Stock appeared first on InvestorPlace.
- Zacks•last month
Company News For Jun 13, 2019
Companies in the news are: PLAY, NEPT, TGODF, RGS, GOOGL and HEB
- TheStreet.com•last month
Stocks End Lower as Optimism Over a U.S.-China Trade Pact Fades, Tech Slides
The Dow Jones Industrial Average ended lower for the second straight session Wednesday as optimism over a near-term trade deal with China faded. shares declined after founder and CEO Elon Musk suggested the carmaker could have a record quarter of deliveries but said that profitability was hard for companies growing as fast as Tesla. Tesla is Real Money's Stock of the Day.
- TheStreet.com•last month
Where to Buy Dave & Buster's Stock After Earnings Disaster
Earnings of $1.13 per share missed consensus expectations of $1.15, while revenue of $363.6 million came up well short of analysts' estimates of $372 million. Comparable-store sales declined 30 basis points year-over-year, too. Kohl's is a holding in Jim Cramer's Action Alerts PLUS member club.
- Motley Fool•last month
Why Shares of Dave & Buster's Entertainment Fell 21% Today
Declining same-store sales and flat earnings have investors worried.
- Motley Fool•last month
3 Ways Dave & Buster’s Disappointed Investors This Week
The restaurant chain's turnaround plan just hit a few big roadblocks.
- TheStreet.com•last month
Dave & Buster's Hangover Leaves Room for Play
The urban and suburban entertainment landscapes have transformed over the past decade. Today, I have dozen of choices for entertainment and a good meal. Alcohol plus throwing axes: What could be more fun?
- Benzinga•last month
Wells Fargo On Dave & Buster's: Time To Hit 'Pause'
Dave & Buster's Entertainment Inc (NASDAQ: PLAY ) reported Tuesday concerning first-quarter earnings , which prompted Wells Fargo to hit the "pause" button. The Analyst Wells Fargo's Jon Tower ...
- MarketWatch•last month
Dave & Buster's shares plummet 21% after earnings miss, analyst downgrade
Dave & Buster's Entertainment Inc. stock plummeted 21.4% in Wednesday trading after the company reported an earnings miss and negative same-store sales, and was subsequently downgraded. Dave & Buster's shares have slumped 9.2% for the year to date as the S&P 500 index has rallied 14.7% for the period. SunTrust Robinson Humphrey moved Dave & Buster's stock down to hold from buy and slashed its price target to $47 from $64. "We continue to expect a same-store sales headwind of ~400 basis points from competition and cannibalization, but no longer expect Dave & Buster's efforts to offset it," analysts wrote. Dave & Buster's attributed the same-store sales weakness to the shift in the Easter holiday, but SunTrust analysts note the launch of new attractions heading into the earnings, including a virtual reality game. "Same-store sales turned negative (~-1.8%) in the last six weeks of 1Q19, driving a same-store sales miss despite the launch of a new VR game, and remain weak ahead of lapping the VR launch last year (June 14). Without positive same-store sales, we no longer expect multiple expansion, despite strong development." Raymond James analysts acknowledge heightened competition, challenges in food and beverages, and lower margins at new, smaller format locations. But they call the stock decline "overdone" and say performance at new locations and returns are still strong. "[W]e'd suggest patient investors resist the temptation to throw in the towel on this still high margin, 10%+ unit growth story," Raymond James wrote. Analysts rate Dave & Buster's stock outperform with a $50 target price, down from $60.
