Dave & Buster's (PLAY) PT Lowered to $28 at Jefferies

Jefferies analyst Andy Barish lowered the price target on Dave & Buster's (NASDAQ: PLAY) to $28.00 (from $30.00) while maintaining a Buy rating.

The analyst comments "3Q SSS -4% sl missed Cons (although investor expectations likely there already), but trends improved throughout the qtr and Oct/Nov SSS each -1%; we think SSS can flip positive in 1Q26 and improve from there. EBITDA slight beat, highlighting cost controls, although we trim our Street-high ests going fwd. Back-to-basics strategy showing some early pos. signs under new Mgmt team, we think the biz could recover faster than expected as '26 unfolds. Buy, PT to $28."

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