tiprankstipranks
Dave & Buster’s price target lowered to $47 from $51 at BMO Capital
The Fly

Dave & Buster’s price target lowered to $47 from $51 at BMO Capital

BMO Capital lowered the firm’s price target on Dave & Buster’s to $47 from $51 but keeps an Outperform rating on the shares. The company’s Q3 EBITDA missed estimates amid softer comps and weaker margins, partly influenced by calendar shift and weather, and the firm’s reduced price target is reflecting incremental comp pressures and greater uncertainty given CEO departure, the analyst tells investors in a research note. BMO adds however that it sees favorable risk-to-reward at its current 5.3-times EBITDA multiple and expects initiatives to drive comp improvement in FY25.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App