Dave & Buster's (PLAY) PT Lowered to $30 at BMO Capital

BMO Capital analyst Andrew Strelzik lowered the price target on Dave & Buster's (NASDAQ: PLAY) to $30.00 (from $35.00) while maintaining a Outperform rating.

The analyst comments "FY3Q25 EBITDA of $59m was ~$1m above consensus, but quality was lower as stockbased compensation contributed ~$6m and 4% comp decline fell short of consensus -3.3%, slowing 100bps sequentially despite easier compares. That said, trends improved through quarter to -1% in October, holding at similar levels in November. We temper estimates and lower our target to $30, but reiterate our Outperform, reflecting optimism that new leadership can combine sound strategic priorities with improved execution and easier compares to return to growth, while valuation remains depressed."

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