Dave Inc. (DAVE) stock has shown outstanding growth over the past six months. The stock has skyrocketed 142.4%, outperforming the 50.3% rally of the industry and 11.5% growth of the Zacks S&P 500 composite.DAVE’s performance is significantly higher than that of its competitors, Encore Capital Group, Inc. (ECPG) and NerdWallet, Inc. (NRDS) . ECPG has gained 19.6%, and there has been a marginal rise in NRDS over the past six months.Six Months' Price Performance Image Source: Zacks Investment Research As of th ...

Core Viewpoint - Dave & Buster's Entertainment is facing challenges but has potential for recovery with a new CEO, although uncertainty remains due to the recent leadership change [3][4][6]. Financial Performance - Revenue declined by 3% year-over-year in Q3, despite an increase in store count, with a negative 7.7% comparable sales adjusted for calendar shifts [4][5]. - Adjusted EBITDA margin contracted by 240 basis points to 15.1%, resulting in a 16% dollar decline, and the company experienced negative cash flow for the quarter [5][6]. - The company is on track to complete at least 40 remodels by year-end, which is expected to improve performance at remodeled locations [6]. Stock Performance and Analyst Sentiment - The stock price forecast for Dave & Buster's is $53.38, indicating a potential upside of 94.23%, but analysts have downgraded sentiment to "Hold" following recent performance [7][9]. - The stock price fell over 15% after the Q3 release, with high short interest at 16%, indicating bearish sentiment in the market [10]. Strategic Initiatives - The company has been actively repurchasing shares, reducing the count by more than 5% year-to-date, but may slow down or pause buybacks due to negative cash flow [7][8]. - Seasonal trends, a rebound in the events business, and customer satisfaction improvements are expected to drive Q4 sales growth, despite potential shortfalls compared to earlier forecasts [6].

I'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage spans multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining. We employ advanced analytical models and specialized valuation techniq ...

NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Dave & Buster’s Entertainment, Inc. (“Dave & Buster’s” or the “Company”) (NASDAQ: PLAY) on behalf of Dave & Buster’s stockholders. Our investigation concerns whether Dave & Buster’s has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On December 10, 2024, Dave ...

Company Overview - Shares of Dave & Buster's (NASDAQ: PLAY) experienced a significant decline, losing 20% of their value following a disappointing earnings report [2] - The company has been facing challenges with top line growth, which has also affected its profit margins [2] Analyst Insights - The analyst emphasizes a focus on limiting risk while maximizing potential rewards in investment strategies [2][3] - The approach combines both technical and fundamental analysis to identify growth stocks early in their cycles [3]

Core Viewpoint - Shares of Dave Inc. (DAVE) have increased by 33.8% in the past four weeks, closing at $84.03, with a mean price target of $106 indicating a potential upside of 26.2% [1] Price Targets - The average price target consists of six estimates ranging from a low of $90 to a high of $119, with a standard deviation of $10.99, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a 7.1% increase from the current price, while the highest suggests a 41.6% upside [2] Analyst Sentiment - There is strong agreement among analysts regarding DAVE's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][9] - The Zacks Consensus Estimate for the current year has risen by 36.8% over the past month, with no negative revisions [10] Zacks Rank - DAVE holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for near-term upside [11] Caution on Price Targets - While price targets are a common metric, they should not be the sole basis for investment decisions due to historical inaccuracies in predicting actual stock price movements [5][8] - Analysts often set optimistic price targets influenced by business relationships, which can lead to inflated estimates [6]

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 50 points on Wednesday.Shares of Macy’s, Inc. M fell sharply in today's pre-market trading after the company reported third-quarter financial results and lowered FY24 EPS outlook.Macy's expects 2024 sales of $22.3 billion—$22.5 billion, compared to prior guidance of $22.1 billion—$22.4 billion and a consensus of $22.42 billion. Macy's expects 2024 adjusted EPS of $2.25-$2.50 compared to prior guidance of $2.34-$2.69 and a con ...

Key TakeawaysShares of Dave & Buster's sank Wednesday morning after the company reported lower sales and a larger net loss than expected for the third quarter.CFO Darin Harper said severe weather and remodeling construction negatively impacted the company's results.The restaurant and arcade operator also announced the resignation of CEO Chris Morris, and said it has been working on a succession plan in recent months. Dave & Buster's (PLAY) stock started Wednesday morning lower after the company posted a lar ...

Dave & Buster's Entertainment, Inc. (PLAY) reported tepid third-quarter fiscal 2024 results, with earnings and revenues missing their respective Zacks Consensus Estimate. Both metrics declined on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company's third-quarter performance (traditionally its lowest seasonal volume period) faced challenges compared to the previous year due to a fiscal calendar mismatch, unfavorable weather in key regions, disruptions ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...