Dave & Buster’s Analysts See Upside In ‘Challenging Environment’ After Q2 Earnings Beat
Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) climbed in early trading on Wednesday, after the company reported upbeat second-quarter results.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
BMO Capital Markets On Dave & Buster’s Entertainment
Analyst Andrew Strelzik reiterated an Outperform rating, while reducing the price target from $65 to $55.
Dave & Buster’s Entertainment reported its second-quarter EBITDA at $152 million, beating consensus by $11 million, with stronger restaurant margins and lower G&A more than offseting weaker comps, Strelzik said in a note.” This marks a return to supporting EBITDA upside despite top-line pressures following last quarter’s missteps,” he added.
The company continues to witness pressure on same-store sales, with comps declining 6.3% in the …
Full story available on Benzinga.com
