Truist analyst Jake Bartlett raised the firm’s price target on Dave & Buster’s to $23 from $22 and keeps a Hold rating on the shares. The company’s comps accelerated throughout Q3 to down 1% in October and November in a decelerating macro backdrop as its marketing and new menu resonated and year-ago compares eased, the analyst tells investors in a research note. Dave & Buster’s is focusing on cost efficiencies and driving margins, which is positive but creates some risk to the guest experience, the firm added.
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