Dave & Buster's Entertainment (PLAY): Channel Checks Positive - Piper Jaffray

August 31, 2016 7:29 AM EDT
Get Alerts PLAY Hot Sheet
Price: $54.70 +0.42%

Rating Summary:
    7 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade PLAY Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Piper Jaffray analyst Nicole Regan reiterated her Overweight rating on shares of Dave & Buster's (NASDAQ: PLAY) along with the price target of $51 and explained her below street SSS estimate.

The analyst stated "channel checks lead us to further conclude same-store sales are positive. However, in an effort to remain conservative, our +1.0% same-store sales projection (vs. the street at +2.1%) for the to-be-reported 2Q16 period (AMC on September 6) remains unchanged. Underlying trends remain impressive within the context of steady double-digit two-year comp trends in 1Q16 (at +13.5%) and the most difficult YoY compares (lapping a +11% from 2Q15)."

For an analyst ratings summary and ratings history on Dave & Buster's click here. For more ratings news on Dave & Buster's click here.

Shares of Dave & Buster's closed at $46.28 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Piper Jaffray

Add Your Comment