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]

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]