PLAY - Dave & Buster's expected to see sharp spike in sales

Raymond James boosts its price target on Dave & Buster's Entertainment (PLAY) to $55 from $45 on its view that the restaurant chain will be a key beneficiary as the economy re-opens. "We believe the company's sales trends have seen solid sequential improvement since late February, with comps in early March likely down in the mid-40s y/y. We expect sales volumes to sharply improve over the next several months as consumer behavior/activity increases and CA/NY allow indoor entertainment and amusement centers to reopen." The 52-week high on D&B is $48.28. Short interest on Dave & Buster's is still at an elevated level.

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Dave & Buster's expected to see sharp spike in sales