Benchmark Reiterates Buy Rating on Dave & Buster's (PLAY) as Underlying Trends Stabilize

Benchmark analyst Mike Hickey reiterated a Buy rating and $20.00 price target on Dave & Buster's (NASDAQ: PLAY).

The analyst commented, "We reiterate our expectation for 1Q26 SSS of ~0.0%, representing a ~330bps sequential improvement vs. 4Q25 (-3.3% reported; ~-1.5% ex-weather) and reflecting continued stabilization in underlying trends exiting FY25. Our estimate is supported by Placer AI traffic data and improving average check trends through the quarter. While calendar timing (spring break shifting into April) likely created some intra-quarter variability, underlying demand appears to have improved sequentially with no clear evidence of deterioration. We view 1Q as a stabilization quarter, and we are seeing further traffic improvement QTD as key initiatives appear to be resonating with consumers."

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 $12.49 yesterday.

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