BMO Capital lowered the firm’s price target on Dave & Buster’s to $24 from $30 but keeps an Outperform rating on the shares. The company’s Q4 EBITDA was $18M below consensus, reflecting sales deleverage from 3.3% comp decline, though comps improved each of last six months ex-weather, reaching flat in February, and the management expects positive comps, revenue/EBITDA growth, and $100M in free cash flow in 2026, the analyst tells investors in a research note. BMO adds it sees favorable risk/reward and signs of improving business trajectory for Dave & Buster’s.
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