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Fly News Breaks for September 17, 2018
PLAY
Sep 17, 2018 | 07:31 EDT
BMO Capital analyst Andrew Strelzik raised his price target on Dave & Busters to $70 and kept his Outperform rating after its Q2 earnings beat, raised FY18 guidance, dividend initiation, and a new $100M stock buyback reported on Friday. The analyst notes that the company is "on track to return to positive same store sales" in the second half of 2018 and may also reach is longer-term growth rates in FY19. Strelzik also raises his FY18 EPS view to $2.73 from $2.65 and FY19 to $3.02 from $2.91, stating that the rollout of VR gaming has helped to improve Dave & Busters' comps and margins.
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