Dave & Buster's Stock Is Rising: What's Going On?
Portfolio Pulse from Adam Eckert
Dave & Buster's Entertainment Inc (NASDAQ:PLAY) reported Q1 financial results with revenue of $597.3 million, missing estimates of $601.71 million, and EPS of $1.45, beating estimates of $1.24. The company signed two international franchise agreements for up to 15 stores in India and 5 stores in Australia. BMO Capital analyst Andrew Strelzik maintained an Outperform rating and raised the price target from $55 to $60.
June 07, 2023 | 1:57 pm
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Dave & Buster's Q1 results show revenue miss but EPS beat, international expansion, and raised price target by BMO Capital.
Dave & Buster's Q1 results show a revenue miss but an EPS beat, indicating mixed financial performance. However, the company's international expansion plans and BMO Capital's raised price target suggest a positive outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100