Dave & Buster's (PLAY) Falls 26% YTD: More Pain or Gain Ahead?

Shares of Dave & Buster's Entertainment, Inc. (PLAY) have declined 26.2% year to date compared with the broader industry's decline of 8.4%. This underperformance has been mainly due to reduced walk-in traffic, a tough economic environment and poor comparable sales figures. Earnings estimates for PLAY have been going down over the past 60 days. The Zacks Consensus Estimate for 2024 has decreased 22.5%. The consensus estimate for second-quarter 2024 earnings has also been revised 15% downward over the same ti ...