What's Happening with PLAY
Dave & Buster's (PLAY) is scheduled to release its first-quarter results after the market close June 11 with analysts forecasting earnings of $1.14 per share on revenue of $369.5 million. During the same period last year the company reported earnings of $1.04 with sales of $322.2 million and the stock is up 11.4% year to date.
Technical Analysis
PLAY was recently trading at $49.74 down $17.31 from its 12-month high and $6.96 above its 12-month low. InvestorsObserver's Stock Score Report gives PLAY a 42 long-term technical score and a 38 short-term technical score. The stock has recent support above $48 and recent resistance below $54. Of the 10 analysts who cover the stock 9 rate it Strong Buy, 1 rate it Buy, 0 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, PLAY gets a score of 59 from InvestorsObserver's Stock Score Report.
Analysts' Thoughts
PLAY shares are up a modest amount for the year, and were up much more before the overall market ran out of steam in May. The company has delivered top and bottom line beats the last four quarters, and the street expects another positive earnings surprise this quarter with a whisper number of $1.18. The May dip in the stock has created some nice value in the stock which is currently trading at just 14 times future earnings which analysts expect to rise 12% annually over the next five years. Dave & Buster's has been a solid growth story in recent years, and analysts remain very bullish on the stock with an average price target of $64.75, which suggests 30% upside from its current price. Look for another solid report and the stock to find support and begin to erase some of its recent losses.