Benchmark lowered the firm’s price target on Dave & Buster’s to $20 from $30 and keeps a Buy rating on the shares. Following a weather-disrupted Q4 and incremental macro pressure, shares have reset meaningfully to a level the firm views as “disconnected from improving underlying trends,” the analyst tells investors. Management’s tone around near-term performance, including “explicit enthusiasm” to report Q1 results, reinforces the firm’s view that underlying momentum is building, the analyst added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLAY:
- Dave & Buster’s price target lowered to $24 from $30 at BMO Capital
- AI Models Turn More Constructive on Dave & Busters (PLAY) as Turnaround Gains Traction
- Dave & Buster’s: Stabilizing Sales but Persistent Margin Headwinds Support a Hold Rating
- Closing Bell Movers: Nike slides 9% after Q3 results, soft outlook
- Dave & Buster’s down 3% at $10.47 after Q4 results and guidance