Dave & Buster’s upgraded at Benchmark on expected same-store sales inflection

As previously reported, Benchmark upgraded Dave & Buster’s to Buy from Hold with a $30 price target as the firm sees “a credible setup” for positive same-store sales in Q1, which it notes would represent the first same-store sales inflection in roughly 13 quarters. The firm’s conviction is driven by improving food and beverage execution and incremental traffic from the expanded Half Price Games promotion that launched on January 4, the analyst tells investors.