Why Dave & Buster's Stock Is Up Today
Portfolio Pulse from Erica Kollmann
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) shares increased after a recent dip due to Q4 results missing expectations. The company reported earnings of $1.03 per share against an estimate of $1.10, and sales of $599.1 million versus an expected $602.609 million. Despite this, the board increased its share repurchase authorization by $100 million to $200 million. Analysts from UBS and Truist Securities maintained their ratings but raised their price targets for PLAY. The stock's rise is also attributed to a high short interest of 17.73%.

April 03, 2024 | 4:32 pm
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Dave & Buster's missed Q4 earnings and sales estimates but increased its share repurchase program, receiving positive analyst adjustments.
The stock's increase, despite missing earnings and sales expectations, is likely due to the increased share repurchase authorization and positive adjustments from analysts. The high short interest may also contribute to volatility and potential upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100