Dave & Buster s Jumps as Analysts See Strong Sales Recovery
Dave & Buster s reported first-quarter results ahead of estimates. Wall Street likes the sales rebound for the entertainment-center operator.
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Shares of Dave & Buster s (
PLAY) - Get Report jumped Friday as analysts praised the entertainment-center chain s better-than-expected fiscal-first-quarter results and rapid sales recovery.
At last check Dave & Buster s shares rose 4% to $45.84.
Analysts at Raymond James maintained an outperform rating and $55 price target. The investment firm says the sales recovery at the Dallas company significantly exceeded expectations and much stronger profitability ensued.
Raymond James expects 2021 earnings before interest, taxes, depreciation and amortization to exceed 2019 levels. The investment firm previously had not expected that to happen until 2022.