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Dave & Buster's price target lowered to $50 from $60 at Raymond James. Raymond James analyst Brian Vaccaro lowered his price target on Dave & Buster's shares to $50 from $60 after the company reported "disappointing" Q1 comparable sales growth and unexpectedly cut its FY19 guidance, which he sees being due to increased competition and continued food and beverage challenges. However, he still sees a positive risk/reward balance given the stock's valuation and the company's "strong" new unit performance and Vaccaro keeps an Outperform rating on Dave & Buster's shares.

Dave & Buster's price target lowered to $55 from $65 at Loop Capital. 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.

Dave & Buster's price target lowered to $56 from $60 at Jefferies. Jefferies analyst Andy Barish lowered his price target for Dave & Buster's to $56 from $60 citing the company's same-store-sales miss in Q1. The analyst, however, keeps a Buy rating on the shares. He still believes management's strategy is "sound," although he admits the "disappointing" Q1 suggests the turnaround in F&B is still some ways off.

Dave & Buster's price target lowered to $62 from $67 at Maxim. Maxim analyst Stephen Anderson lowered his price target on Dave & Buster's to $62 after its "weak" Q1 results, also lowering his Q2 and FY19 estimates by 3c and 17c to 87c and $3.09 respectively following the company's miss on comps. The analyst keeps his Buy rating on Dave & Buster's shares however, stating that he remains "encouraged that virtual reality-related traffic will support FY19 EPS" to levels at or above the high end of lowered guidance. Anderson also lowers his FY20 EPS outlook to $3.62 from $3.91.

Dave & Buster's price target lowered to $55 from $66 at BMO Capital. 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.