Dave & Buster's Entertainment: Challenged But Cheap
Dave(DAVE) Seeking Alpha·2024-08-26 15:27
tupungato Shares of 'catertainment' concern Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) have essentially round-tripped after a 10%% five-month rally to a seven- year high in April 2024. Profit taking followed by a poor 1QFY24 financial report and tepid 2QFY24 update were the culpris, with the quarter blanned on several non- recurring events and a complex macro picture. With a multiproneed approach to achieve Adj. EBITDA of $1 billion in the coming years, discounted valuations, and robust share repurch ...