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Dave & Buster's: Increasing Downside Risk (Ratings Downgrade)


  • Q3 financial performance has largely been a disappointment.
  • Valuation appears reasonable, but there are no catalysts for major stock price appreciation.
  • Macroeconomic risks remain elevated and pose major downside risk to Dave & Buster's stock.

an arcade machine, game over (3d rendering)

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Ratings Downgrade

We initiated coverage of Dave & Buster's (NASDAQ:PLAY) on August 24, 2022, with a hold rating. Our rating then was largely based on the company's post-pandemic rebound in its financial performance and

Data by YCharts

Data by YCharts

This article was written by

Sweet Minute Capital produces high-quality research on contrarian investment ideas, focusing on various industries with potential for high growth of shareholder value. We strive to uncover under-appreciated stocks that are priced well below their long-term fundamental value and can generate outsized shareholder returns for the long term. The firm also specializes in producing research that focuses on easy-to-understand concepts that are accessible to all readers.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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