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 ...

Dave & Buster's Entertainment TodayPLAYDave & Buster's Entertainment$27.48 +1.99 (+7.81%) 52-Week Range$25.00▼$69.82P/E Ratio13.60Price Target$53.38Add to WatchlistAfter years of struggling to gain traction, Dave & Buster’s NASDAQ: PLAY has the opportunity to reinvigorate the business with a new CEO. Former CEO Chris Morris’ surprise departure clouds the outlook and increases uncertainty about execution, but a good choice can put that to rest. The board says it's been looking for a successor, so it may tak ...

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 ...