Latest news with #Dave&Buster'sEntertainment
Yahoo
16-06-2025
- Business
- Yahoo
Dave & Buster's Entertainment, Inc. (PLAY): It's Become A Little 'Fat,' Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) stands against other stocks that Jim Cramer discusses. Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) is an American hospitality company that owns and operates dining venues. The shares are flat year-to-date as the firm struggles in an economy driven by inflation and consumer wariness. However, Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)'s stock surged by 17.7% in June. The share price rise was rather surprising as the firm's first-quarter earnings, which led to the surge, saw its revenue of $567.7 million beat FactSet estimates of $566.8 million by a hairline and its $0.76 earnings fall short of $1.01 in estimates. Investors were impressed by management commentary which indicated that its revenue, operating income, and cash flow would improve in the coming months. Here is what Cramer said about Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY): 'Dave & Buster's actually had a nice little run here. It's become a little more fat. Dave & Buster and Urban Outfitters are the two outliers. People forgot about them, they let them forget, and that's just wrong.' A crowded performance hall with an audience enjoying a captivating show. Patient Capital Management mentioned Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) in its Q1 2025 investor letter. Here is what the firm said: 'Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) trended lower over the first quarter as the market continued to worry about revenue visibility. The company had a disappointing 2024, culminating in the abrupt departure of then-CEO Chris Morris. Founded in 1982 in Dallas, Texas, the company has expanded to over 200 venues in North America across two brands (Dave & Busters, and Main Event). The company is in the middle of a multi-year transformation focused on reinvigorating growth through store remodels, store expansions, and technology upgrades while enhancing margins through cost optimizations and synergies. Despite the efforts, the results haven't yet materialized in the numbers as the challenging macro environment continues to weigh on consumer expenditures. In the meantime, an activist, Hill Path Capital, has built up a position in the company and taken two board seats. With the Chairman of the Board stepping in as CEO, we are already starting to see improved results with the focus on a back-to-basics strategy delivering better than expected results in March and April. While the timing of business model inflection remains uncertain, what's clear is the stock is trading at an all-time low valuation of 6.8x forward earnings. As the company works to improve its operations, they've been actively returning cash to shareholders through buybacks, repurchasing 12% of shares outstanding over the last 12 months.' While we acknowledge the potential of PLAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
- Yahoo
Dave & Buster's Entertainment First Quarter 2026 Earnings: EPS Misses Expectations
Revenue: US$567.7m (down 3.5% from 1Q 2025). Net income: US$21.7m (down 48% from 1Q 2025). Profit margin: 3.8% (down from 7.0% in 1Q 2025). EPS: US$0.63 (down from US$1.03 in 1Q 2025). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Performance of the American Hospitality industry. The company's shares are up 26% from a week ago. We don't want to rain on the parade too much, but we did also find 3 warning signs for Dave & Buster's Entertainment (1 is a bit concerning!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-06-2025
- Business
- Yahoo
Dave & Buster's Announces Promotion of Les Lehner to Chief Development Officer
DALLAS, June 13, 2025 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ: PLAY), ("Dave & Buster's" or "the Company") today announced that it has promoted Les Lehner to the position of Chief Development Officer. Mr. Lehner most recently served as Chief Procurement Officer and Head of Main Event Development. In connection with this promotion, the Company announced that John Mulleady, current Chief Development Officer, will retire effective as of the close of business on October 23, 2025. Effective as of June 30, 2025, Mr. Mulleady will transition to an advisory role at the Company to ensure a smooth transition until the effective date of his retirement. The Company and Mr. Mulleady have further agreed that he will provide consulting services to the Company from the effective date of his retirement until January 31, 2026. 'I want to express my sincere gratitude to John for his nearly 15 years of dedicated service to Dave & Buster's. During his tenure, he achieved remarkable results, leading the successful construction of over 100 new stores and consistently demonstrating best-in-class development prowess,' said Kevin Sheehan, Board Chair and Interim Chief Executive Officer. 'While John will undoubtedly be missed when he steps away in 2026, we are fortunate to be transitioning leadership of our development efforts to Les – an exceptionally capable leader within our executive team. Les has been a versatile and highly effective contributor to our organization, overseeing procurement, cost optimization, and Main Event development. I have full confidence that he will excel as our new Chief Development Officer, bringing deep industry knowledge and a proven track record of development expertise to the role. Lastly, we have an existing, well developed pipeline of approximately 40 stores we expect to open over the next three years and look forward to Les leading the Company's ongoing growth in this area.' About Les Lehner Mr. Lehner served as Chief Procurement Officer and Head of Main Event Development since August 2022. Previously he was Executive Vice President, Chief Development and Procurement Officer at Main Event Entertainment from 2018 through July 2022, and Senior Vice President, Chief Development and Procurement Officer at Red Robin Gourmet Burgers, Inc. from 2015 through 2018. Prior to that he was with CEC Entertainment from 2000 through 2015 in various roles including Senior Vice President, Development and Procurement. About Dave & Buster's Entertainment, Inc. Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 236 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster's and Main Event. The Company has 175 Dave & Buster's branded stores in 43 states, Puerto Rico, and Canada and offers guests the opportunity to "Eat Drink Play and Watch," all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. The Company also operates 61 Main Event branded stores in 22 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games and virtual reality, making it the perfect place for families to connect and make memories. For more information about each brand, visit and For Investor Relations Inquiries: Cory Hatton, Head of Entertainment Finance, Investor Relations & TreasurerDave & Buster's Entertainment, in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Dave & Buster's Stock Soars as Solid Outlook Offsets Weak Results
Positive comments about the business helped send Dave & Buster's shares 17% higher Wednesday even though the game-themed restaurant chain missed quarterly profit and sales estimates. Interim CEO Kevin Sheehan explained that operating results significantly improved throughout the quarter. Dave & Buster's believes it will produce strong revenue, adjusted EBITDA, and free cash flow of Dave & Buster's Entertainment (PLAY) soared 17% Wednesday, a day after the game-themed restaurant gave a positive outlook despite weaker-than-expected first-quarter results. Interim CEO Kevin Sheehan said in the company's earnings release Tuesday that Dave & Buster's was "making good progress and our operating results significantly improved over the course of the first quarter." Sheehan noted in a call with investors that May's performance was "very encouraging with a particularly robust Memorial Day weekend of solidly positive sales to kick off the summer and we expect this momentum to continue," according to an AlphaSense transcript. Sheehan added the company was confident its current actions "will lead to significantly improved revenue, adjusted EBITDA, free cash flow and shareholder value in the months ahead." Sheehan explained that Dave & Buster's "back to basics" strategy was working and driving a "material recovery" in its revenue trajectory. The comments came after the company reported first quarter adjusted earnings per share (EPS) of $0.76, about 25% less than the average estimate of analysts surveyed by Visible Alpha. Revenue fell 3.5% year-over-year to $567.7 million, also missing forecasts. Comparable store sales were down 8.3%. However, Dave & Buster's noted that they improved every month since the beginning of the quarter in February. With today's advance, Dave & Buster's Entertainment shares moved into positive territory for 2025. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-04-2025
- Business
- Yahoo
Here's Why Dave & Buster's Entertainment (PLAY) Traded Lower in Q1
Patient Capital Management, a value investing firm, released its 'Patient Capital Opportunity Equity Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. 2025 got out to a solid start with the market hitting all-time highs in mid-February. However, a dramatic reversal pushed the S&P 500 down 8.7%, closing the quarter down 4.3%. During the quarter, the strategy returned -9.5% net of fees compared to the S&P 500's -4.3% return. According to a three-factor performance attribution model, allocation and interaction effects contributed positively to the portfolio's performance, which were partially offset by selection effects. In addition, you can check the fund's top 5 holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Patient Capital Opportunity Equity Strategy highlighted stocks such as Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) is a leading operator of entertainment and dining venues for adults and families. The one-month return of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) was -1.77%, and its shares lost 62.43% of their value over the last 52 weeks. On April 23, 2025, Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) stock closed at $19.48 per share with a market capitalization of $672.358 million. Patient Capital Opportunity Equity Strategy stated the following regarding Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) in its Q1 2025 investor letter: "Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) trended lower over the first quarter as the market continued to worry about revenue visibility. The company had a disappointing 2024, culminating in the abrupt departure of then-CEO Chris Morris. Founded in 1982 in Dallas, Texas, the company has expanded to over 200 venues in North America across two brands (Dave & Busters, and Main Event). The company is in the middle of a multi-year transformation focused on reinvigorating growth through store remodels, store expansions, and technology upgrades while enhancing margins through cost optimizations and synergies. Despite the efforts, the results haven't yet materialized in the numbers as the challenging macro environment continues to weigh on consumer expenditures. In the meantime, an activist, Hill Path Capital, has built up a position in the company and taken two board seats. With the Chairman of the Board stepping in as CEO, we are already starting to see improved results with the focus on a back-to-basics strategy delivering better than expected results in March and April. While the timing of business model inflection remains uncertain, what's clear is the stock is trading at an all-time low valuation of 6.8x forward earnings. As the company works to improve its operations, they've been actively returning cash to shareholders through buybacks, repurchasing 12% of shares outstanding over the last 12 months." A crowded performance hall with an audience enjoying a captivating show. Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) at the end of the fourth quarter, compared to 28 in the third quarter. While we acknowledge the potential of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) and shared the list of stocks with heavy insider buying in 2025. Patient Capital Opportunity Equity Strategy initiated a position in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) during Q3 2024. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
