Dave & Busters Entertainment (PLAY – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Andy Barish from Jefferies reiterated a Buy rating on the stock and has a $30.00 price target.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Andy Barish has given his Buy rating due to a combination of factors including the sequential improvement in same-store sales (SSS) from February through early June, which indicates a positive momentum in both the games and food & beverage segments. The company has also been successful in reducing discounting and increasing attach rates from its Eat & Play combo, contributing to higher check averages.
Furthermore, Dave & Buster’s strategic initiatives such as returning to historical marketing strategies, introducing a new summer pass, rolling out a manager incentive plan, and enhancing the menu are expected to drive future growth. Despite a miss in first-quarter EBITDA, the outlook for the latter half of the year and beyond appears promising, with expectations of a recovery in 2026. The stock’s current valuation suggests an attractive risk/reward profile, supporting the Buy recommendation with a price target of $30.
In another report released today, Loop Capital Markets also reiterated a Buy rating on the stock with a $46.00 price target.