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 ...

There have been several stocks that have doubled in short order following Election Day. The risk-on behavior the broad market has seen is beginning to call upon those animal spirits in all of us. The worry now for investors is, how long can these moves last? One stock that’s doubled up in short order is today’s Bull of the Day.I’m talking about Zacks Rank #1 (Strong Buy) Dave ((DAVE) ). Dave Inc., founded in 2015 and headquartered in Los Angeles, California, is a financial technology company offering a suit ...

Core Insights - Dave & Buster's Entertainment, Inc. will report its financial results for the third quarter ended November 5, 2024, after market close on December 10, 2024 [1] - A conference call to discuss these results will take place on December 10, 2024, at 4:00 p.m. Central Time [2] Company Overview - Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster's operates 228 venues in North America under two brands: Dave & Buster's and Main Event [3] - The company has 168 Dave & Buster's locations across 43 states, Puerto Rico, and Canada, offering a combination of dining and entertainment experiences [3] - Main Event brand includes 60 locations in 21 states, featuring bowling, laser tag, arcade games, and virtual reality attractions [3]

Dave Inc. (DAVE) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ear ...