Citizens initiated coverage on Dave & Buster's Entertainment with a Market Perform rating and no price target, citing limited visibility on same-store sales growth despite an improving traffic trend. The firm noted the stock appears fairly valued at its discounted level and is waiting for a more attractive entry point. Separately, BMO Capital lowered its price target to $22 from $24 while keeping an Outperform rating, after first-quarter EBITDA of $14 million missed consensus estimates due to muted comparable sales and sales deleverage. Dave & Buster's has a negative three-year return of 75.22%, compared with the S&P 500's positive return of 68.15%.
Dave & Buster’s EntertainmentAnalyst initiation with Market Perform and no price target, plus BMO lowered price target after EBITDA miss.