Dave & Buster’s price target lowered to $14 from $22 at Piper Sandler

Piper Sandler analyst Brian Mullan lowered the firm’s price target on Dave & Buster’s to $14 from $22 and keeps a Neutral rating on the shares. Following the company’s Q4 results that were reported earlier this week, the firm is updating its model to incorporate the new information as well as some of management’s guidance type of commentary in regards to Fiscal 2026. While management struck an optimistic tone around the likely direction of same-store sales this year, Piper would like to take a “wait and see” approach particularly as it pertains to any improvements on the Entertainment side of the business.