14.59 0.00 (0.00%)
Pre-market: 4:29AM EDT
|Bid||14.70 x 1000|
|Ask||15.70 x 1200|
|Day's range||12.43 - 14.73|
|52-week range||4.61 - 52.17|
|Beta (5Y monthly)||1.61|
|PE ratio (TTM)||4.96|
|Earnings date||09 Jun 2020 - 15 Jun 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Jan 2020|
|1y target est||17.05|
Restaurant operator Dave & Buster's Entertainment (NASDAQ: PLAY) soared 19% on Wednesday as its stock got caught up in the euphoria surrounding businesses reopening around the country. The entertainment-themed eatery did not have restaurants open during the shutdown, as many of its casual dining rivals did, since it did not have a takeout business in place. Dave & Buster's was already in trouble before the COVID-19 pandemic hit, with CEO Brian Jenkins telling analysts, "Currently, our dining rooms are the least-visited space in our four walls."
Beleaguered Dave & Buster's Entertainment (NASDAQ: PLAY) stock has dropped over 70% year to date, down in the dumps and seemingly banished there for good as the entertainment venue, sports bar, and restaurant concept remains temporarily closed. The lockdowns intended to slow the spread of the COVID-19 pandemic have brought on financial ruin for many businesses in the restaurant and entertainment industries, but as I discussed last month, D&B was especially at risk with a rising burden of debt, dwindling cash, and profit margins headed in the wrong direction leading up to the crisis. The economy is beginning to open back up, which could mean D&B may be able to start generating some revenue again.
The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence.
Dave & Buster’s Entertainment, Inc. (PLAY) (the “Company”), an owner and operator of entertainment and dining venues, announced today that, in connection with its previously announced sale of 9,578,545 shares of its common stock (the “Offering”) to Jefferies LLC (“Jefferies”) pursuant to an underwriting agreement entered into between the Company and Jefferies on May 4, 2020 (the “Underwriting Agreement”), Jefferies has exercised its over-allotment option granted pursuant to the Underwriting Agreement in part to purchase an additional 1,014,871 shares at a price of $10.44 per share. The issuance of the additional shares is expected to occur on May 20, 2020 at which time the Company will have received gross proceeds of approximately $110.6 million for the Offering to date, including approximately $10.6 million from the over-allotment exercise, prior to deducting offering expenses payable by the Company.
Comments from the Fed chairman certainly didn't remove the doom and gloom surrounding the restaurant industry.
Dave & Buster’s Entertainment, Inc. (PLAY) (the “Company”), an owner and operator of entertainment and dining venues, today announced that John C. Hockin has been appointed to the Company’s Board of Directors, effective May 8, 2020. Mr. Hockin is a Managing Director at KKR, a leading investment firm with significant holdings in both private and public equities. With this appointment, the Company is temporarily expanding the size of its Board to 10 members.
Dave & Buster’s Entertainment, Inc. (PLAY) (the “Company”), an owner and operator of entertainment and dining venues, announced today the closing of its previously announced sale of shares of its common stock (the “Offering”) to Jefferies LLC (“Jefferies”), pursuant to an underwriting agreement entered into between the Company and Jefferies on May 4, 2020. The Company sold a total of 9,578,545 shares, at a price of $10.44 per share. The Offering was completed on May 6, 2020, and total proceeds from the Offering received by the Company are approximately $100 million, before deducting offering expenses payable by the Company.
Franchisees of the most recognized names in accommodation are turning to the Federal Reserve for help, as concerns mount over being able to meet commercial mortgage payments.
The restaurant and gaming chain announced on Monday that it has struck a deal to sell over $100 million worth of its stock in exchange for a capital infusion. Dave & Buster's stores have been closed since March due to the COVID-19 pandemic, and management has already announced plans to push cash outflow to less than $50 million per week during the shutdown. The share offering pressured the stock early on Monday, reflecting the diluted earnings outlook and the relatively low price of the stock sales.
Dave & Buster’s Entertainment, Inc. (PLAY) (the “Company”), an owner and operator of entertainment and dining venues, today announced that Jefferies LLC (“Jefferies”) has agreed to purchase $100,000,000 of the Company’s common stock (the “Shares”), to be reoffered by Jefferies at variable prices. In addition, the Company has granted Jefferies an option, exercisable for up to 30 days, to purchase up to an aggregate of an additional $15,000,000 of shares of common stock. The Company currently intends to use the net proceeds from this offering primarily to strengthen its balance sheet, principally as necessitated by the effects of the COVID-19 outbreak on its business, which could include use for general corporate purposes and/or repayment of outstanding debt.
As earnings season gets fully underway, stocks are tumbling. Restaurants in particular are taking a beating as investors lose confidence in a quick recovery.
Dave & Buster’s Entertainment, Inc. (PLAY) (the “Company”), an owner and operator of entertainment and dining venues, today announced that it has filed a prospectus supplement with the Securities and Exchange Commission (“SEC”), under which it may offer and sell shares of its common stock (the “Shares”) having an aggregate offering price of up to $75,000,000 from time to time through an “at-the-market” equity offering program (the “ATM Program”). The Company currently intends to use the net proceeds from sales of Shares under the ATM Program primarily to strengthen its balance sheet, principally as necessitated by the effects of the COVID-19 outbreak on its business, which would include use for general corporate purposes. The timing of any sales will depend on a variety of factors to be determined by the Company.
Dave & Buster's (PLAY) top line in fourth-quarter fiscal 2019 gains from solid Amusements and Other revenues as well as Food and Beverage revenues.
DALLAS, April 02, 2020 -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining.
Solid sales-building initiatives and consistent expansion plans are likely to get reflected in Dave & Buster's (PLAY) fourth-quarter fiscal 2019 top line.
Founded in 1982 and headquartered in Dallas, Texas, Dave & Buster's Entertainment, Inc., is the owner and operator of 137 venues in North America that combine entertainment and dining and offer customers the opportunity to "Eat Drink Play and Watch," all in one location. Dave & Buster's 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.
Investors need to pay close attention to Dave & Buster's (PLAY) stock based on the movements in the options market lately.
The Rights Plan is similar to plans adopted by other public companies, and is intended to promote the fair and equal treatment of all Dave & Buster’s shareholders and ensure that no person or group can gain control of Dave & Buster’s through open market accumulation or other tactics potentially disadvantaging the interest of all shareholders. The Rights Plan will also position the Dave & Buster’s Board of Directors to fulfill its fiduciary duties on behalf of all shareholders by ensuring that the Board has sufficient time to make informed judgments about any attempts to take over the Company.
DALLAS, Feb. 24, 2020 -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining.