Dave & Buster's (PLAY) PT Lowered to $69 at Piper Jaffray; Reiterates Overweight
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Dave & Buster's Entertainment (PLAY) Tops Q2 EPS by 2c, Miss on Revenues; Offers FY Revenue Outlook Below Consensus
September 5, 2017 4:08 PM EDTDave & Buster's Entertainment (NASDAQ: PLAY) reported Q2 EPS of $0.59, $0.02 better than the analyst estimate of $0.57. Revenue for the quarter came in at $280.8 million versus the consensus estimate of $281.95 million.
Financial Outlook
We are updating our financial outlook on several key metrics for fiscal 2017, which includes 53 weeks and ends on February 4, 2018:
Total revenues of $1.160 billion to $1.170 billionComparable store sales increase of 1% to 2% (on a comparable 52-week basis) (vs. 2% to 3% previously)14 new stores (vs. 12 new stores previously)Pre-opening expenses of approximately $21 millionNet income of $109 million to $113 million (vs. $107 million to $111 million... MoreDave & Buster's (PLAY) PT Lowered to $72 at BMO Capital; Reducing Estimates on Near-Term Comp Concerns... 'Strong L-T Fundamentals Remain Intact'
August 30, 2017 8:58 AM EDTBMO Capital lowered its price target on Dave & Buster's (NASDAQ: PLAY) to $72.00 (from $77.00) while maintaining a Outperform rating, following a review of the company's current valuation relative to long-term outlook.
Analyst Andrew Strelzik notes a disappointing outlook suggesting near-term concerns are masking the... More
Canaccord Lists Favored Casual Dining Stocks That Are On Sale (DRI) (PLAY) (BJRI) (RRGB) (FOGO)
August 30, 2017 1:50 AM EDTAs August month-end approaches Canaccord analyst Lynne Collier reviews possible casual dining equities that are "on sale" following the disastrous rainfall in Houston Texas and Louisiana. The analyst comments "we expect restaurant stocks to continue to be under pressure in the very near-term until visibility around this catastrophic event... More
