Growth OpportunitiesFY still on track for 15 gross new openings, and '25 is set up well to accelerate the pace to ~7% net y/y growth, representing an attractive and underappreciated part of PLAY's long-term growth opportunity.
Share RepurchaseSince 2023, PLAY has repurchased ~20% of shares and appears intent on remaining aggressive given valuation and EBITDA potential.
ValuationThe stock's current valuation represents an attractive buying opportunity given the significant long-term growth potential.