Dave And Busters Entertainment Shares Up; Raymond James Issues Note Saying 'Co Unveiled A Multi-Pronged Strategy That It Believes Can Result In Adj. EBITA Of $1B Over The Next 3 Years, Vs $527M Previous Est'
Portfolio Pulse from Benzinga Newsdesk
Dave & Buster's Entertainment shares are up after Raymond James issued a note stating that the company has unveiled a multi-pronged strategy that could result in adjusted EBITA of $1 billion over the next 3 years, compared to the previous estimate of $527 million.
June 13, 2023 | 2:32 pm
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Dave & Buster's shares are up after Raymond James issued a note stating that the company has unveiled a multi-pronged strategy that could result in adjusted EBITA of $1 billion over the next 3 years, compared to the previous estimate of $527 million.
The positive note from Raymond James regarding Dave & Buster's new strategy has led to an increase in the company's share price. The potential for a significant increase in adjusted EBITA over the next 3 years, from $527 million to $1 billion, indicates a strong growth potential for the company. This news is highly relevant and important for investors in Dave & Buster's, and the confidence in the analysis is high due to the backing of a reputable financial institution like Raymond James.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100