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Fly News Breaks for April 3, 2019
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Apr 3, 2019 | 07:10 EDT
BMO Capital analyst Andrew Strelzik raised his price target on Dave & Buster's to $66 and kept his Outperform rating after its better than expected Q4 results, with earnings, comps, revenue, and margins all exceeding the high end of guidance offered in January. The analyst notes that the company's FY19 outlook was below consensus at the midpoint, but it is likely to be "perceived as conservative", adding the investor focus will now shift to whether Dave & Buster's "can maintain positive trajectory as it laps initial virtual reality launch in Q2".