Fly News Breaks for December 11, 2019
Dec 11, 2019 | 09:41 EDT
Loop Capital analyst Lynne Collier keeps her Hold rating and $40 price target on Dave & Buster's after its Q3 results. The analyst notes that while earnings were in-line, comps remained soft and the company looks to be facing a "similar run rate" thus far in Q4. Collier adds that the management of Dave & Busters is testing new multi-player games, has accelerated the rollout of "Wow Walls" and may further incorporate eSports in some of its locations. Despite the long-term sales drivers however, the analyst is concerned that the heightened competition will continue to weigh on Dave & Buster's comps in the current quarter and into next year.
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