Dave & Buster's Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Dave & Buster's Entertainment, Inc. PLAY is expected to release earnings results for its fourth quarter, after the closing bell on April 2, 2024.

Analysts expect the Coppell, Texas-based company to report quarterly earnings at $1.10 per share, up from 80 cents per share in the year-ago quarter. Dave & Buster's is projected to report quarterly revenue of $602.61 million, compared to $563.76 million in the year-earlier period, according to data from Benzinga Pro.

On Dec. 5, Dave & Buster's posted in-line loss for its third quarter.

Dave & Buster's Entertainment shares gained 2.9% to close at $64.43 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Brian Vaccaro downgraded the stock from Outperform to Market Perform on March 25, 2024. This analyst has an accuracy rate of 83%.
• Truist Securities analyst Jake Bartlett maintained a Buy rating and raised the price target from $66 to $75 on Feb. 27, 2024. This analyst has an accuracy rate of 81%.
• UBS analyst Dennis Geiger maintained a Neutral rating and cut the price target from $50 to $43 on Sept. 7, 2023. This analyst has an accuracy rate of 70%.
• BMO Capital analyst Andrew Strelzik maintained an Outperform rating and slashed the price target from $60 to $55 on Sept. 7, 2023. This analyst has an accuracy rate of 85%.
• Piper Sandler analyst Nicole Miller Regan initiated coverage on the stock with an Overweight rating and a price target of $56 on July 18, 2023. This analyst has an accuracy rate of 76%.

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