Dave & Buster’s downgraded to Market Perform from Outperform at William Blair

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.