BMO Capital analyst Andrew Strelzik lowered his price target on Dave & Buster's to $55 after its Q1 earnings miss that was driven weaker margins and comps, also lowering his FY19 and FY20 EPS outlook by 1c and 5c to $2.96 and $3.11 respectively. Given the reduced comp visibility in the company's lowered FY19 guidance, the analyst assigns an implied expected 2019 EBITDA multiple of 8.5-times and sees little probability for traction in the stock price over the near term. Strelzik contends however that the new guidance looks achievable and Dave & Buster's shares already trade near all-time trough multiple, keeping his Outperform rating.