Loop Capital analyst Lynne Collier lowered her price target on Dave & Buster's to $55 after its Q1 earnings miss and below-consensus comps, with a decrease of 0.3% in blended SSS driven by decelerating food and beverage sales. The analyst also points to the "choppy sales" observed by the management thus far in Q2 and says the volatility in recent performance is disappointing, even though she keeps her Buy rating on the stock and believes that its new valuation already reflects much of the negative news. Collier adds that Dave & Buster's' VR gaming is resonating with consumers and expects the company's menu changes to boost the company's food/beverage comps in the coming months.