DALLAS - Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY), a leading owner and operator of entertainment and dining venues, announced the appointment of Darin Harper as its new Chief Financial Officer, effective June 17, 2024. Harper, succeeding the retiring Michael Quartieri, comes with a wealth of experience in finance within the entertainment and consumer sectors.
Harper previously held the position of EVP, Chief Financial Officer for Main Event Entertainment, Inc., which was acquired by Dave & Buster's in June 2022. His tenure saw significant company growth and the implementation of more data-driven analytics aimed at enhancing customer experience and profitability.
Moreover, Harper served as Group CFO for Main Event's parent company, Ardent Leisure, and has held CFO roles at On the Border Mexican Grill & Cantina and World Choice Investments, LLC.
CEO Chris Morris expressed confidence in Harper's ability to lead the finance team and contribute to the company's growth, citing his strategic insights and extensive knowledge of the out-of-home entertainment industry. Harper also expressed enthusiasm for rejoining Morris and the management team, aiming to deliver shareholder value and capitalize on the company's growth potential.
With a history dating back to 1982, Dave & Buster's operates 223 venues across North America, including 164 Dave & Buster's branded stores and 59 Main Event branded stores. These venues provide a mix of entertainment options, dining, and opportunities to "Eat Drink Play and Watch" in a single location.
The transition from Quartieri to Harper is planned to be seamless, with Quartieri remaining in his role until June 16, 2024, to assist in the handover process. This change in leadership comes as Dave & Buster's continues to focus on expansion and enhancing its position in the entertainment and dining market.
The information for this article is based on a press release statement from Dave & Buster's Entertainment, Inc.
InvestingPro Insights
As Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) welcomes Darin Harper as its new CFO, investors and stakeholders are taking a closer look at the company's financial metrics and market performance.
With a market capitalization of $2.26 billion and a P/E ratio of 18.14, the company's valuation reflects confidence in its future earnings potential. Notably, Dave & Buster's has experienced a substantial price increase over the last six months, with a 59.51% return, underscoring the market's optimistic outlook on the company's growth trajectory.
InvestingPro Tips indicate that while Dave & Buster's has been trading at a high Price/Book multiple of 8.58, which may suggest a premium on its assets, the company has also demonstrated a strong return over the last year with a 63.88% price total return.
This could be a sign of robust market confidence, especially considering the company's revenue growth of 12.26% in the last twelve months as of Q4 2024. Furthermore, analysts predict the company will be profitable this year, which aligns with the company's profitable performance over the last twelve months.
For those interested in a deeper analysis, there are additional InvestingPro Tips available at https://www.investing.com/pro/PLAY. These insights could prove invaluable for making informed decisions about the company's stock. Plus, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes even more detailed financial metrics and expert commentary.
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