PLAY - Why Dave & Buster's Stock Is Up Today | Benzinga
Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) shares are trading higher Wednesday as the stock rebounds after falling late Tuesday on worse-than-expected fourth quarter results.
The Details:
Dave & Buster's reported quarterly earnings of $1.03 per share which missed the analyst consensus estimate of $1.10, and quarterly sales came in at $599.1 million, below the analyst consensus estimate of $602.609 million.
The board increased its share repurchase authorization by an additional $100 million, bringing the total available share repurchase authorization to $200 million.
UBS analyst Dennis Geiger maintained Dave & Buster’s with a Neutral rating and raised the price target from $60 to $66, and Truist Securities maintained its Buy rating and raised the price target from $75 to $78 following the ...