Dave & Buster's (PLAY) Soars 9.4%: Is Further Upside Left in the Stock?

Core Insights - Dave & Buster's (PLAY) shares increased by 9.4% to close at $34.18, supported by strong trading volume, contrasting with a 1.9% decline over the past month [1][2] Company Performance - The upward trend in shares is attributed to optimism regarding the execution of the "back to basics" strategy, which has positively impacted marketing, operations, menu, remodels, and gaming portfolios [2] - The upcoming quarterly earnings report is expected to show earnings of $0.90 per share, reflecting a year-over-year decrease of 19.6%, while revenues are projected to be $566.07 million, an increase of 1.6% from the previous year [3] Earnings Estimates - The consensus EPS estimate for the quarter has been revised 3.7% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [5] - The stock currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [6] Industry Context - Dave & Buster's operates within the Zacks Retail - Restaurants industry, where another competitor, Papa John's (PZZA), saw a slight increase of 0.4% to $45.53, but has experienced a -7.5% return over the past month [6] - Papa John's consensus EPS estimate has decreased by 3.7% to $0.34, representing a significant year-over-year decline of 44.3% [7]