William Blair downgraded Dave & Buster’s to Market Perform from Outperform without a price target While the company’s Q3 was roughly inline with expectations, the results missed consensus across all key metrics, and the company announced the departure of CEO Chris Morris who resigned to pursue other opportunities, the analyst tells investors in a research note. The firm now has less conviction on a steady improvement in comp trends in 2025 given uncertainty on the pace and benefit of remodels and an “in-flux” marketing strategy.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PLAY:
- Dave & Buster’s Q3 2024 Earnings & CEO Transition
- Closing Bell Movers: Dave & Busters down 11% after Q3 miss
- Dave & Buster’s sees FY24 adjusted EBITDA $505M-$515M
- PLAY Earnings: Dave & Buster’s Sinks after Underwhelming Quarter
- Dave & Buster’s reports Q3 adjusted EPS (45c), consensus (36c)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
