BMO Capital analyst Andrew Strelzik lowered the price target on Dave & Buster's Entertainment to $22 from $24 while maintaining an Outperform rating, after the company's first-quarter EBITDA missed consensus by $14 million due to muted comparable sales and sales deleverage. The firm noted that quarter-to-date trends have modestly strengthened, with management projecting positive comparable sales for the remainder of the year, and cited the stock's attractive risk-reward profile and plans to reallocate capital from store expansion toward reinvestment. On the same day, UBS also cut its price target to $12 from $13 with a Neutral rating, highlighting management's optimism about same-store sales improvement through 2026 despite weaker macro conditions in March and April.
Dave & Buster’s EntertainmentEBITDA miss and price target cuts by analysts
Bank of Montreal