Dave & Buster's Analysts Cut Their Forecasts After Q2 Results

Dave & Buster's Entertainment Inc PLAY reported weaker-than-expected second-quarter sales.

The company reported quarterly earnings of 94 cents per share which beat the analyst consensus estimate of 93 cents. The company reported quarterly sales of $542.10 million which missed the analyst consensus estimate of $559.00 million.

Dave & Buster's shares dipped 6% to trade at $35.16 on Thursday.

These analysts made changes to their price targets on Dave & Buster's following earnings announcement.

• Raymond James cut the price target on Dave & Buster's Entertainment from $60 to $55. Raymond James analyst Brian Vaccaro downgraded the stock from Strong Buy to Outperform.
• BMO Capital slashed the price target on Dave & Buster's Entertainment from $60 to $55. BMO Capital analyst Andrew Strelzik maintained an Outperform rating.
• Truist Securities lowered the price target on Dave & Buster's Entertainment from $60 to $57. Truist Securities analyst Jake Bartlett maintained a Buy rating.

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