Dave & Buster's Stock Is on the Comeback Trail
Dave & Buster's Entertainment (NASDAQ: PLAY) had a rare hiccup this summer when it put out an uninspiring financial report, but a couple of analysts are starting to ring the dinner bell. Brian Vaccaro at Raymond James put out a bullish note on the high-volume eatery on Thursday, arguing that the recent weakness in the shares presents a buying opportunity.
Vaccaro is sticking to his Outperform rating on the stock but ultimately lowering his price target from $68 to $63.50. Then again, given the stock's sharp sell-off since its problematic guidance last month, Vaccaro's new goal represents a meaty 34% gain off of Wednesday's close.
His note follows a similarly bullish appeal by Piper Jaffray's Nicole Miller Regan last week. She also advised her readers to approach the stock's summertime decline as an entry point, sticking to her higher price target of $69.
Source: Fool.com
