Dave & Buster’s Achieves 8% Revenue and 7% EPS Growth in Second Quarter 2019

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Dave & Buster's (PLAY) PT Lowered to $50 at BMO Capital

September 11, 2019 7:00 AM EDT

BMO Capital analyst Andrew Strelzik lowered the price target on Dave & Buster's (NASDAQ: PLAY) to $50.00 (from $55.00) while maintaining a Outperform rating.

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Dave & Buster's (PLAY) PT Lowered to $41 at SunTrust

September 11, 2019 5:42 AM EDT

SunTrust analyst Jake Bartlett lowered the price target on Dave & Buster's (NASDAQ: PLAY) to $41.00 (from $45.00) while maintaining a Hold rating.

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UPDATE: Dave & Buster's Entertainment (PLAY) Tops Q2 EPS by 6c, Comp. Sales Down 1.8%; Lowers FY19 Revenue Guidance Below Consensus, Boosts Share Buyback by $200M

September 10, 2019 4:07 PM EDT

(Updated - September 10, 2019 4:14 PM EDT)

Dave & Buster's Entertainment (NASDAQ: PLAY) reported Q2 EPS of $0.90, $0.06 better than the analyst estimate of $0.84. Revenue for the quarter came in at $344.6 million versus the consensus estimate of $344.29 million.

Key highlights from the second quarter 2019 compared to the second quarter 2018 include:

Total revenues increased 8.0% to $344.6 million from $319.2 millionNumber of stores increased 11.1% to 130 from 117Comparable store sales decreased 1.8%Net income totaled $32.4 million, or $0.90 per diluted share, vs. net income of $33.8 million, or $0.84 per diluted shareEBITDA increased 5.3% to $79.0 million from $75.0 millionAdjusted EBITDA... More