Jefferies Reiterates Buy on Dave & Buster's Entertainment (PLAY) Following 2Q Report

September 7, 2016 8:16 AM EDT
Get Alerts PLAY Hot Sheet
Price: $41.16 +1.25%

Rating Summary:
    6 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade PLAY Now!
Join SI Premium – FREE

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

Jefferies reiterated a Buy rating and $50.00 price target on Dave & Buster's Entertainment (NASDAQ: PLAY) following the company's 2Q earnings report. EPS came in above estimates. However, 2Q SSS of +1.0% missed consensus of 2.0% and full-year guidance was reduced to 2.25-3.25% (from 3.25-4.25%).

Analyst Andy Barish commented, "$0.50 adj. EPS beat JefCo/Cons. with SSS worse than expected and '16 SSS guide lowered with tough industry conditions. Margins provided upside but this gets tougher in 2H. Key revs, EBITDA and NI maintained as new store productivity better but slower SSS will create stock pullback. Our ’16E/'17E EBITDA ests. go to $231/$262mm (from $232/$261mm). Reiterate Buy and $50 PT and would take advantage of expected weakness on slower SSS."

For an analyst ratings summary and ratings history on Dave & Buster's click here. For more ratings news on Dave & Buster's click here.

Shares of Dave & Buster's closed at $46.27 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Jefferies & Co, Earnings

Add Your Comment