Legal Investigation and Shareholder Impact - Rosen Law Firm is investigating potential securities claims on behalf of Dave Inc (NASDAQ: DAVE) shareholders due to allegations of materially misleading business information [1] - Shareholders who purchased Dave securities may be entitled to compensation through a contingency fee arrangement without out-of-pocket costs [2] - Dave's share price fell approximately 8% on December 31, 2024, following news of the investigation [4] Regulatory Action Against Dave Inc - The Justice Department and FTC announced a civil enforcement action against Dave Inc and its CEO Jason Wilk on November 12, 2024, for alleged violations of the FTC Act and ROSCA [3] - The lawsuit alleges deceptive advertising of cash advances, hidden fees, misrepresentation of customer tip usage, and recurring monthly fees without a simple cancellation mechanism [3] Rosen Law Firm's Credentials - Rosen Law Firm specializes in securities class actions and shareholder derivative litigation, with a global investor client base [5] - The firm achieved the largest securities class action settlement against a Chinese company and ranked No 1 by ISS Securities Class Action Services in 2017 [5] - Rosen Law Firm has consistently ranked in the top 4 for securities class action settlements since 2013 and secured over $438 million for investors in 2019 [5]

Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Dave INC. regarding potential securities fraud or unlawful business practices by the Company and its officers [1] - The U.S. Federal Trade Commission filed a complaint against Dave in November 2024, alleging misleading marketing and undisclosed fees related to its cash advance app [2] - An amended complaint was filed by the U.S. Department of Justice on behalf of the FTC, claiming that Dave advertised cash advances of up to $500 that many users never receive, seeking consumer redress and civil penalties [2] Group 2 - Following the news of the complaints, Dave's stock price experienced a significant decline during intraday trading on December 31, 2024 [3]

The Federal Trade Commission (FTC) has referred its previously announced federal court case against online cash advance firm Dave to the Department of Justice (DOJ).The DOJ, in turn, has filed an amended complaint that names the company’s CEO, Jason Wilk, as a defendant and seeks civil penalties, the FTC said in a Monday (Dec. 30) press release.The complaint filed by the DOJ amends and replaces the one filed by the FTC in November, which named only the company as a defendant and did not seek civil penalties ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Jason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm.It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los Angeles conference for micro-cap stocks, where he pitched investors on tiny $5,000 stakes in his firm."I'm not going to lie, this was probably the hardest time of my life," Wilk told CNBC. "To go from being a $5 billion company to $ ...

Core Insights - Dave & Buster's Entertainment, Inc. has announced the return of Steve Klohn as Chief Information Officer, highlighting his previous contributions to the company's technological advancements [1][2] - The company emphasizes its commitment to innovation and technology enablement as a strategic vision for growth and shareholder value [2][3] Company Overview - Dave & Buster's operates 228 venues across North America, including 168 Dave & Buster's branded stores and 60 Main Event branded stores, providing a combination of dining and entertainment experiences [4] - The venues offer a full menu of food and beverages, alongside various entertainment attractions such as arcade games and live sports viewing [4] Leadership Background - Steve Klohn previously served as Chief Technology Officer for Legends and played a crucial role in the acquisition of Main Event by Dave & Buster's in June 2022 [3] - Under Klohn's leadership, the technology teams supported the expansion of Main Event from 16 to 60 locations, ensuring seamless operations across both brands [3]

DALLAS, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Dave & Buster's Entertainment, Inc., (NASDAQ:PLAY), ("Dave & Buster's" or "the Company"), an owner and operator of entertainment and dining venues, today announced an increase to the Company’s share repurchase authorization. On December 16, 2024, the Company’s Board of Directors authorized the repurchase of an additional $100 million of the Company’s stock under the existing repurchase program. All other terms of the share repurchase program remain in effect. About ...

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].

Group 1 - The company specializes in analyzing restaurant stocks in the U.S. market, covering various segments such as QSR, fast casual, casual dining, fine dining, and family dining [1] - Advanced analytical models and specialized valuation techniques are employed to provide detailed insights and actionable strategies for investors [1] - The founder has a strong background in Business Administration and Accounting, with an MBA in Forensic Accounting and Controllership [1] Group 2 - The company actively engages in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous experience includes being a columnist discussing monetary policy, financial education, and financial modeling [1] - The company also provides accounting and business consulting services across LATAM [1]