Is Dave & Buster's Stock a Buy?
Few businesses have been hit harder by the coronavirus pandemic than Dave & Buster's Entertainment (NASDAQ: PLAY). Its stock is down 66% this year, highlighting a difficult environment for indoor entertainment companies.
Dave & Buster's "Eat Drink Play and Watch" strategy has a been a differentiator, allowing guests to enjoy high-quality food and beverage choices, participate in interactive games for both adults and families, and watch sports and other entertainment. Over the past four fiscal years, sales and profits grew at a compound annual growth rate of 11.8% and 13.9%, respectively. As of May 3, there were a total of 137 Dave & Buster's locations in North America.
With recent coronavirus-related developments significantly affecting the business, let's dig a bit deeper to see if the company's long-term potential is still intact, and if the stock is a buy.
Source Fool.com
