Top Wall Street Forecasters Revamp Dave & Buster's Expectations Ahead Of Earnings

Dave & Buster’s Entertainment, Inc. PLAY is set to release first-quarter financial results, after the closing bell on Wednesday.

Analysts expect the Coppell, Texas-based company to report quarterly earnings at $1.74 per share, up from $1.45 per share in the year-ago period. Dave & Buster’s is expected to post revenue of $624.2 million, according to data from Benzinga Pro.

On April 24, Dave & Buster’s named Darin Harper as its new Chief Financial Officer, effective on June 17.

Dave & Buster’s shares fell 3.8% to close at $48.89 on Friday.

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.

• Piper Sandler analyst Nicole Miller Regan downgraded the stock from Overweight to Neutral but raised the price target from $50 to $71 on April 4. This analyst has an accuracy rate of 76%.
• BMO Capital analyst Andrew Strelzik maintained an Outperform rating and boosted the price target from $60 to $75 on April 3. This analyst has an accuracy rate of 83%.
• Truist Securities analyst Jake Bartlett maintained a Buy rating and increased the price target from $75 to $78 on April 3. This analyst has an accuracy rate of 76%.
• UBS analyst Dennis Geiger maintained a Neutral rating and boosted the price target from $60 to $66 on April 3. This analyst has an accuracy rate of 73%.
• Raymond James analyst Brian Vaccaro downgraded the stock from Outperform to Market Perform on March 25. This analyst has an accuracy rate of 82%.

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